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ENA Whale Moves 30M Tokens to Binance After a Year of Dormancy

An ENA whale deposited 30 million ENA worth $6.98 million to Binance via BitGo after more than a year of inactivity, on-chain tracker Lookonchain said on October 3. The same wallet still holds 157.55 million ENA, valued at $36.74 million.

Original source

AI take

The signal here is less the deposit itself than the wallet's remaining size: 157.55 million ENA still sits outside the exchange, so this reads as partial positioning rather than an exit. Given the year of dormancy, the move is notable as a shift in behavior from a holder whose activity has been rare enough to be worth tracking. Whether the rest of the balance follows onto Binance, or the deposited tokens are simply held there, is the open question.

Generated by AI for reference only.

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