ENA Whale commot $7.26M for Binance for keep am long term
One ENA whale carry waka move 13.4 million ENA tokens (~$7.26M) from Binance go private wallet. Dis off-exchange move dey reduce sell-side liquidity and e fit mean say the whale get bullish intent for Ethena synthetic dollar protocol.
Big withdrawals like dis dey normal to happen before price support as whales dey collect tokens instead of selling them. The whale fit dey secure assets for cold storage, lock ENA for DeFi staking, or dey ready for OTC trades. Strong whale conviction fit boost confidence for Ethena delta-hedging model wey back the USDe stablecoin with staked ETH.
Traders suppose dey track ENA whale movements with on-chain analytics tools like Onchain Lens, Whale Alert, and Nansen. Combine these signals with technical and fundamental analysis. Watch market drivers like Bitcoin trends, regulation changes, and protocol updates to guide risk-managed ENA trading strategies.
Bullish
Di withdrawal of 13.4 million ENA tokens from Binance reduce immediate sell-side liquidity and show say big whale people dey accumulate more than sell. For short term, this move go reduce down pressure and fit trigger price support. For long term, e mean say investors get strong confidence for Ethena’s synthetic dollar protocol and im USDe stablecoin wey dey backed by staked ETH, fit attract more accumulation and staking activities. The on-chain transparency using tools like Whale Alert and Nansen dey also build market trust, dey reinforce bullish outlook for ENA.