⚠️🤯 An unusual move in the crypto market!
Reports suggest that wallets linked to the ENA exploit sold approximately 217.5M $ENA , worth around $33.9M.
Shortly afterward, a newly funded wallet reportedly transferred 2M USDC to Hyperliquid and opened a 3x long position on $ENA worth approximately $4.09M.
The interesting part? Binance has announced plans to repurchase the stolen altcoins to help compensate affected users.
This raises an interesting possibility: Could the trader be positioning ahead of potential market demand?
There are also reports of related wallets holding long positions in $PEPE and other major ETH-based tokens.
Is this simply an unusual trading strategy, or a calculated bet on market events? 👀
#Binance #ENA #ETH #Crypto #Hyperliquid
Reports suggest that wallets linked to the ENA exploit sold approximately 217.5M $ENA , worth around $33.9M.
Shortly afterward, a newly funded wallet reportedly transferred 2M USDC to Hyperliquid and opened a 3x long position on $ENA worth approximately $4.09M.
The interesting part? Binance has announced plans to repurchase the stolen altcoins to help compensate affected users.
This raises an interesting possibility: Could the trader be positioning ahead of potential market demand?
There are also reports of related wallets holding long positions in $PEPE and other major ETH-based tokens.
Is this simply an unusual trading strategy, or a calculated bet on market events? 👀
#Binance #ENA #ETH #Crypto #Hyperliquid
