CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-01-09 07:01:26

Two Major Whales Deposit $19.4M Worth of $ENA Back to Exchanges

In the past 14 hours, significant $ENA activity has been observed as two major entities moved tokens back to centralized exchanges (CEX). A multisign wallet, identified as “0xc69,” deposited 10 million $ENA (valued at $11.9 million) to Bybit approximately 13 hours ago. Despite this transaction, the wallet still retains 124.7 million $ENA (~$144 million), most of which remains staked. What’s noteworthy is that this multisign wallet has a history of offloading $ENA before notable price declines, indicating a potential market-timing strategy. Additionally, the wallet appears to share a Bybit deposit address with Arthur Hayes, the founder of BitMEX, raising speculation about its connections to key market players. Galaxy Digital Deposits $7.49M $ENA to Binance Galaxy Digital, another major entity, deposited 6.38 million $ENA ($7.49 million) to Binance six hours ago at a price of $1.173. This follows their earlier withdrawal of 10.9 million $ENA from Binance on December 5, 2024, at a lower price of $0.925. Currently, Galaxy Digital holds 4.45 million $ENA (worth $5.17 million), with an estimated total profit of $2.64 million from this trade, representing a 26% return. Their strategic movements suggest a calculated effort to capitalize on price differences and optimize returns. Two more whales/Institutions deposited 16.38M $ENA ($19.4M) back to CEX in the past 14 hours. 1/ Multisign “0xc69” deposited 10M $ENA ($11.9M) to #Bybit 13 hours ago, leaving 124.7M $ENA (~$144M) behind, mostly under staking. Notably, this multisign had often offloaded $ENA … https://t.co/w69oFtzPou pic.twitter.com/qxIYiQZQwS — Spot On Chain (@spotonchain) January 7, 2025 Market Implications The recent $ENA deposits by these whales, totaling $19.4 million, have sparked interest among market participants. The history of these entities successfully timing trades and locking in profits could influence $ENA’s short-term price movements. Investors may want to monitor their activity closely, as their decisions often provide insights into market trends. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: khai9000/ 123RF // Image Effects by Colorcinch

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta