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Whale movement in ENA: Strategic accumulation or profit-taking?
According to on-chain data monitored by Onchain Lens, a recently created address has been very active in the latest ENA movements.
Details of the movement:
The interesting part: The pattern suggests that someone is withdrawing ENA from exchanges but keeping the majority in their own wallet. Typically, this occurs in two scenarios: long-term holders looking to secure their tokens, or whales accumulating before an expected move.
The total value under custody (~$88.67M) places this address among the largest individual holders of ENA. Monitoring these whale movements remains key to understanding upcoming price movements.