ENA Drops As Whales With Contrasting Views Take Massive Action

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In the last 24 hours, significant activity was observed among two major ENA token holders amid a 2% intraday price drop to $0.813. Whale 0x555 withdrew a total of 4.80 million ENA, valued at $3.94 million, from Binance and proceeded to stake them with Ethena and Pendle Finance. Conversely, another significant player, the third all-time largest holder, deposited 2 million ENA (worth $1.67 million) to Binance, retaining 1 million ENA with a substantial estimated loss of $2.79 million, marking a 26.5% decrease. These actions reflect divergent strategies and perspectives on ENA’s future market value.