Token

Ethena

Spot

Coin

<ul class="news-points"> 
 <li>Whale “0xbba” withdraws $24.44 million worth of ENA from Binance in multiple transactions.</li> 
 <li>Simultaneously, the whale engages in staking activities with Ethena Labs.</li> 
 <li>ENA price stands strong amid the market dip, with over $165 million in tokens staked recently.</li> 
</ul> 
ENA, the recently launched governance token of <a href="https://coinedition.com/how-this-tokenized-hedge-fund-generates-billions-in-crypto-with-37-yield/">decentralized protocol Ethena Labs</a>, continues to gain the attention of crypto market participants, including the most influential investors in the crypto scene. 
Recently, crypto surveillance platform Spot On Chain spotted a whale with wallet initials “0xbba” withdrawing 11.17 million ENA tokens from Binance. Per the disclosure, the transaction occurred in several bits within the last 48 hours. At the time of Spot On Chain’s update, the whale had withdrawn 11.17 million ENA tokens valued at $15.95 million.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bullish whale 0xbba has withdrawn 11.17M <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ENA</a> ($15.95M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> at ~$1.43 in the past 34 hours! Notably, the whale has already staked 5.59M <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ENA</a> with <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ethena_labs</a>, now the 4th-largest staker. If staking the rest of the tokens now, the whale will become the largest staker… <a href="https://t.co/XGmovTus5e" target="_blank" rel="nofollow">pic.twitter.com/XGmovTus5e</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1778631142809473114?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 12, 2…</a>
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/anonymous-whale-pulls-24m-ena-token-from-binance-heres-why/">Anonymous Whale Pulls $24M ENA Token From Binance: Here’s Why</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Anonymous Whale Pulls $24M ENA Token From Binance: Here’s Why

Coin Edition

Other articles published on Apr 12, 2024

Strategic Alliance Boosts TON Ecosystem in Asia-Pacific

David Schwartz’s Shares Tax Insights on AMM Pools Yield Returns

Solana-Based Meme Coin BONK Faces Downward Pressure

NFTs Attempt Another Comeback – NFT Trading Sales Volume Jumps 46% This Week

Is the UK stock market ready for a comeback? – Is it ever going to be?

‘Learn from XRP’s price’ for Uniswap after latest SEC scare?

Join our free newsletter for daily crypto updates!