The post ENA Drops As Whales With Contrasting Views Take Massive Action appeared first on Coinpedia Fintech News
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.