Two Whales/Institutions have transferred 16.38 million ENA to CEX in the last 14 hours

BlockBeats News, January 7th, according to Spot On Chain monitoring, in the past 14 hours, two whales/institutions have transferred 16.38 million ENA (19.4 million US dollars) to a CEX.

· The multi-signature address '0xc69' deposited 10 million ENA (11.9 million US dollars) to Bybit 13 hours ago, still holding 124.7 million ENA (about 144 million US dollars), most of which are staked. This multi-signature address has been frequently selling ENA before price drops and seems to share the same Bybit deposit address with Arthur Hayes (BitMEX founder).

· 6 hours ago, Galaxy Digital deposited 6.38 million ENA (7.49 million US dollars) to Binance at a price of 1.173 US dollars. They withdrew 10.9 million ENA from Binance on December 5, 2024, at a price of 0.925 US dollars, and still hold 4.45 million ENA (5.17 million US dollars), with an estimated total profit of 2.64 million US dollars (+26%).