A large investor, commonly referred to as a ‘whale’, has executed a significant transfer of Ethena (ENA) tokens from the Binance cryptocurrency exchange. Blockchain tracking data confirms the withdrawal of 13.4 million ENA tokens in a single transaction.
The value of the withdrawn tokens, based on prevailing market prices at the time, is estimated at approximately $7.26 million.
Transactions of this magnitude often attract market attention due to their potential implications. Such substantial withdrawals from exchanges can temporarily impact market liquidity and are frequently interpreted as indicators of accumulation or strategic portfolio reallocation by major holders.
The movement highlights continued significant activity within the ENA token’s market, suggesting ongoing whale interest in the asset.