• Whale “0xbba” withdraws $24.44 million worth of ENA from Binance in multiple transactions.
• Simultaneously, the whale engages in staking activities with Ethena Labs.
• ENA price stands strong amid the market dip, with over $165 million in tokens staked recently.

ENA, the recently launched governance token of decentralized protocol Ethena Labs, 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 At the time of Spot On Chain’s update, the whale had withdrawn 11.17 million ENA tokens valued at $15.95 million. 

The post Anonymous Whale Pulls $24M ENA Token From Binance: Here’s Why appeared first on Coin Edition.

• Whale “0xbba” withdraws $24.44 million worth of ENA from Binance in multiple transactions.
• Simultaneously, the whale engages in staking activities with Ethena Labs.
• ENA price stands strong amid the market dip, with over $165 million in tokens staked recently.

ENA, the recently launched governance token of decentralized protocol Ethena Labs, 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 At the time of Spot On Chain’s update, the whale had withdrawn 11.17 million ENA tokens valued at $15.95 million. 

The post Anonymous Whale Pulls $24M ENA Token From Binance: Here’s Why appeared first on Coin Edition.