According to @ReetikaTrades, ENA is among the strongest coins during the current rebound, indicating relative strength versus peers, source: @ReetikaTrades on X, Oct 19, 2025. The author notes the weekly market structure has held reasonably well, supporting a constructive technical bias, source: @ReetikaTrades on X, Oct 19, 2025. A prior wick to 0 is characterized as an anomaly to be ignored rather than a structural breakdown, source: @ReetikaTrades on X, Oct 19, 2025. The author remains bullish and expects ENA to trade above 1 in Q4, framing a clear upside target, source: @ReetikaTrades on X, Oct 19, 2025. The stated trading approach favors buying dips over chasing rips, highlighting a pullback-entry strategy for ENA, source: @ReetikaTrades on X, Oct 19, 2025.

According to @lookonchain (X, Oct 19, 2025), address 0x579f deposited 2.91M USDC to Hyperliquid over the past two days and is running about $70M in gross notional split as short 232 BTC (~$25M), short 5,810 ETH (~$22.7M), and long 44.79M ENA (~$21.3M). According to Hypurrscan address 0x579f4017263b88945d727a927bf1e3d061fee5ff, the open positions and notionals align with these figures. Based on @lookonchain figures, the roughly $70M gross notional versus $2.91M recent deposits indicates notional leverage greater than 20x on this account. This long ENA and short BTC/ETH structure, per @lookonchain and Hypurrscan, reflects a relative value stance favoring ENA over majors on Hyperliquid that traders can monitor for flow dynamics.

According to @OnchainLens, a multisig wallet linked to @gddog (founder of Ethena) withdrew 48M ENA, valued at $20.41M, from Binance and Bybit over the past 3 days based on Nansen data. According to @OnchainLens using Nansen labels, the wallet address is 0xA7eEA194794D1BEe1067C8fA7D8dbC8ca94A907a and the transfers were exchange outflows from Binance and Bybit to this multisig. According to @OnchainLens citing Nansen, the reported totals imply an average transfer value of approximately $0.425 per ENA during this period.

According to @ai_9684xtpa, on-chain wallet 0x0b5...1C2D5 opened a $100 million ETH 25x short over the past 10 hours, now showing $638,000 unrealized profit with 25,887.39 ETH at an average entry of $3,926.95, source: @ai_9684xtpa on X and hyperbot.network trader page. The same wallet also holds a SOL 20x short worth $5.71 million with 30,806.13 SOL at $186.256 and an ENA 10x long worth $580,000 with 1.44 million ENA at $0.40, bringing total unrealized PnL to $804,000, source: @ai_9684xtpa on X and hyperbot.network trader page. Net positioning from these leveraged trades is short ETH and SOL while long ENA, which traders are tracking via the reported address and on-chain dashboard, source: @ai_9684xtpa on X and hyperbot.network trader page.

According to @ai_9684xtpa, a wallet described as a TOP36 $HYPE holder withdrew 3 million $ENA from Binance about one hour prior to the post, valued at approximately $1.32 million, marking the wallet’s first ENA position (source: @ai_9684xtpa on X, Oct 15, 2025). According to @ai_9684xtpa, ENA has declined nearly 20% over the past seven days, indicating the accumulation occurred into weakness (source: @ai_9684xtpa on X, Oct 15, 2025). According to the Arkham on-chain explorer, the referenced wallet is 0x7BE1cbA648ebE1aB8084244d23f28D68a86480D8, which is provided as the source address for verification of the transfer and holdings (source: Arkham Intel address page for 0x7BE1cba648ebe1ab8084244d23f28d68a86480d8). According to @ai_9684xtpa, the Binance outflow moves 3 million ENA off-exchange into a single address, a flow that traders track for short-term supply shifts (source: @ai_9684xtpa on X, Oct 15, 2025).

According to @ai_9684xtpa, wallet linked to KOL @Cbb0fe deposited 5,000,000 USDC to Hyperliquid roughly 40 minutes before the post, indicating new capital on the venue for crypto spot or perp bids, source: @ai_9684xtpa; on-chain reference: hypurrscan.io/address/0x49E96E255bA418d08E66c35b588E2f2F3766E1d0. Following the deposit, the wallet placed multiple limit buy orders on Hyperliquid totaling about $5M across ETH, PUMP, XPL, ENA, and BERA, source: @ai_9684xtpa; on-chain reference: hypurrscan.io/address/0x49E96E255bA418d08E66c35b588E2f2F3766E1d0. Reported bids are set at ETH $3,250–$3,450 for approximately $1.34M, PUMP $0.0019 for approximately $1.14M, XPL $0.20–$0.25 for approximately $0.97M, ENA $0.19 for approximately $0.80M, and BERA $0.90 for approximately $0.72M, source: @ai_9684xtpa; on-chain reference: hypurrscan.io/address/0x49E96E255bA418d08E66c35b588E2f2F3766E1d0. These resting limit bids create visible buy-side liquidity at the specified price levels on Hyperliquid’s orderbook for the listed pairs, source: @ai_9684xtpa; on-chain reference: hypurrscan.io/address/0x49E96E255bA418d08E66c35b588E2f2F3766E1d0.

According to @santimentfeed, altcoin buyers who entered on the China tariff news dip saw quick rebounds, with ENA up 14%, TAO up 13%, and SUI up 7% while Bitcoin (BTC) stayed near approximately $115,000. According to @santimentfeed, several other projects also quickly made up prior losses even as BTC remained flat.

According to @akshat_hk, buying ENA under $0.40 has performed well so far, indicating a favorable short-term entry outcome from this level, source: @akshat_hk on X, Oct 13, 2025. The author notes that the last time ENA traded below $0.40, the market faced massive VC overhangs, which weighed on price, source: @akshat_hk on X, Oct 13, 2025. The author also states that during that prior low there were no ENA DATs and no Binance listing, implying a comparatively improved trading backdrop now, source: @akshat_hk on X, Oct 13, 2025. This frames sub-$0.40 as a relatively stronger setup versus the previous visit to this area, per the author’s assessment, source: @akshat_hk on X, Oct 13, 2025.

According to @OnchainLens, a wallet linked to Christopher Heymann, a founding partner at 1kx, deposited $2,000,000 USDC into HyperLiquid and re-opened a $ENA perpetual long with 10x leverage (source: @OnchainLens; hypurrscan.io/address/0x9542d56b89830c60082dE0c976F2e72A633E24Fd). According to @OnchainLens, the same wallet had previously deposited $4.22M into HyperLiquid and was liquidated during the recent market dump (source: @OnchainLens).

According to the source, traders debating a reported USDe depeg versus an exchange-oracle print should validate peg robustness via redemption mechanics and market indices per Ethena Labs documentation and major exchange index methodologies. Check whether USDe trades persistently away from 1.00 across liquid venues and whether redemption maintains parity after fees and limits per Ethena Labs documentation and Binance and Bybit index methodology disclosures. Inspect on-chain mint and burn flows and stablecoin pool imbalances to gauge sustained redemption pressure and slippage per Ethena Labs documentation and Curve Finance documentation. Evaluate hedge health by monitoring ETH perpetual funding, basis and open interest given USDe’s delta-hedged design using short perps per the Ethena whitepaper and Binance and Bybit derivatives documentation. Differentiate oracle incidents by cross-checking Chainlink and Pyth status reports with exchange index constituents and circuit-breaker rules, as rapid price snap-backs alongside oracle notices typically indicate data issues rather than fundamental depeg risk per Chainlink documentation, Pyth Network documentation, and Binance index safeguards.

According to @ai_9684xtpa, four wallets deposited 14.52 million ENA valued at $8.9 million into Bybit. Source: @ai_9684xtpa. The receiving Bybit address reportedly had frequent interactions with Mirana Ventures about three years ago, but its ownership remains unconfirmed. Source: @ai_9684xtpa. The wallet for review is 0x2bbe282A893D2Cb4672306a7e879e3cca4A1Cda6 as listed on the Arkham Intelligence explorer shared in the post. Source: Arkham Intelligence via the link referenced by @ai_9684xtpa. Large token deposits to centralized exchanges are commonly monitored by traders for potential changes in on-exchange liquidity that can influence near-term price dynamics. Source: CryptoQuant research on exchange inflows.

According to @OnchainDataNerd, whale address 0xa31 deposited a total of 11.67M ENA valued at roughly $6.9M to Binance about three hours before the report, with activity visible from wallet 0xa312114B5795dFF9B8db50474dD57701AA78aD1E, source: @OnchainDataNerd and Arkham Intelligence address page. Traders commonly monitor large exchange inflows as a near-term indicator of potential sell-side activity and volatility in the deposited asset, source: CryptoQuant metrics documentation on exchange inflows.

According to @ai_9684xtpa, wallet 0x325c7e222E21b0dC84a1a8Bf436d3aF684C55E50 deposited 5,000,000 ENA to Binance around 5 hours ago, valued at approximately 2.84 million USD, source: @ai_9684xtpa. The same wallet received 22,280,000 ENA about 6 days ago from an Ethena multisig, worth roughly 12.98 million USD, and sent the tokens to exchanges in two deposits, which the source characterizes as likely selling, source: @ai_9684xtpa. The address reportedly had frequent interactions two years ago with Synthetix founder Kain Warwick, but ownership of the wallet remains unconfirmed, source: @ai_9684xtpa. Wallet details are available via Arkham at intel.arkm.com/explorer/address/0x325c7e222E21b0dC84a1a8Bf436d3aF684C55E50, source: @ai_9684xtpa.

According to @OnchainDataNerd, 10 hours ago wallet 0xaA3D56e9695F75eEcd6E3E78546154b727147b8a withdrew 4.5M ETHFI (~$6.34M) and 7.99M ENA (~$4.38M) from Binance, source: @OnchainDataNerd; Arkham Intelligence. Over the past three weeks, the address accumulated 15.36M ENA (avg entry ~$0.60), 4.5M ETHFI (avg entry ~$1.40), and 11.24M IMX (avg entry ~$0.80), source: @OnchainDataNerd. The reported Binance outflows total approximately $10.72M, calculated from the amounts cited for ETHFI and ENA, source: @OnchainDataNerd. The wallet reference for verification is the Arkham Intelligence explorer address 0xaA3D56e9695F75eEcd6E3E78546154b727147b8a, source: Arkham Intelligence.

According to @EmberCN, Aave founder Stani Kulechov transferred 4,000,000 ENA (about $2.38M) roughly six hours before the post to a Galaxy Digital institutional platform address, with the on-chain reference provided via Arkham Intelligence at intel.arkm.com/explorer/address/0xe705b1D26B85c9F9f91A3690079D336295F14F08, source: @EmberCN; Arkham Intelligence. @EmberCN states that Kulechov is an Ethena investor and that these ENA tokens originated from his Ethena vesting wallet unlock, source: @EmberCN. The post characterizes the move as a possible sale rather than a confirmed execution, so the only verified fact is the transfer to a Galaxy Digital–associated address as cited, source: @EmberCN; Arkham Intelligence.

According to @EmberCN, the address 0x8e771f7bAb34a3b4491e03F22f005483E5c375f5, described as a possible @stablecoin_x ENA treasury multisig, received another 16.4M ENA (~$10M) withdrawn from Binance, with the transaction visible on Arkham Intelligence intel.arkm.com/explorer/address/0x8e771f7bAb34a3b4491e03F22f005483E5c375f5. According to @EmberCN and Arkham Intelligence, since Sept 16 this address has sent out a total of 110M USDT and has received 104.6M ENA (~$63.75M) from Binance, as shown on the same Arkham address page. According to Arkham Intelligence, these on-chain flows reflect large ENA inbound transfers to this wallet alongside large USDT outbound transfers at the cited address.

According to @ai_9684xtpa, a wallet suspected to be linked to ENA’s treasury entity @stablecoin_x accumulated 19.23M ENA in the past 15 hours at an indicated purchase price around $0.614, totaling roughly $11.8M, source: @ai_9684xtpa. The ENA multisig addresses now hold a combined 88.26M ENA valued about $54M based on the reported figures, source: @ai_9684xtpa; on-chain reference: https://intel.arkm.com/explorer/address/0x9c7B3C57632aB8BED71a4dDbC950d8C009DFe7aA and https://intel.arkm.com/explorer/address/0x8e771f7bAb34a3b4491e03F22f005483E5c375f5, source: Arkham Intelligence. Traders can monitor inflows and outflows from the above multisig addresses to track whether accumulation persists or pauses, providing a real-time gauge of ENA market liquidity, source: Arkham Intelligence. The reported acquisition level near $0.614 offers a concrete on-chain reference point for price discovery and order-book benchmarking in ENA spot and perp markets, source: @ai_9684xtpa.

According to @EmberCN, an on-chain address has been accumulating ENA since Sep 16 and withdrew a total of 73.56 million ENA worth about USD 43.88 million from exchanges over the past week, source: x.com/EmberCN/status/1970298590246654159. According to @EmberCN, the address is identified as likely belonging to the ENA treasury company @stablecoin_x, source: x.com/EmberCN/status/1970298590246654159. According to @EmberCN, transaction counterparties include Maven 11 and Dragonfly, described as investors in the ENA treasury company, source: x.com/EmberCN/status/1970298590246654159. According to the source, traders can review and monitor the address 0x8e771f7bAb34a3b4491e03F22f005483E5c375f5 on Arkham Intelligence for ongoing flows relevant to ENA order book liquidity, source: intel.arkm.com/explorer/address/0x8e771f7bAb34a3b4491e03F22f005483E5c375f5.

According to @EmberCN, an address attributed to Arca received 7.212 million IMX worth about $6.16 million and 6.771 million ENA worth about $4.54 million roughly 6 hours ago, with the wallet shown at intel.arkm.com/explorer/address/0xaA3D56e9695F75eEcd6E3E78546154b727147b8a (source: @EmberCN on X; Arkham Intel). Arkham Intel traces the incoming transfers to senders labeled Flowdesk and Binance, indicating exchange outflows to a non-exchange wallet for both tokens at the recorded time (source: Arkham Intel at intel.arkm.com/explorer/address/0xaA3D56e9695F75eEcd6E3E78546154b727147b8a). The post is labeled as sponsored by Bitget, as stated in the original disclosure (source: @EmberCN on X). Traders can monitor this wallet on Arkham Intel to see if IMX or ENA move to exchange-tagged addresses, which would make those tokens immediately available for trading on those venues (source: Arkham Intel at intel.arkm.com/explorer/address/0xaA3D56e9695F75eEcd6E3E78546154b727147b8a).

According to @OnchainLens, a whale deposited 15.1M ENA valued at about $10.09M to Binance after a 3-month hold, realizing a profit of $5.63M, source: @OnchainLens. According to @OnchainLens, the wallet initially received 15.147M ENA for $4.5M and had sold 47,169 ENA for $21,153 USDC prior to the deposit, source: @OnchainLens. According to @OnchainLens, these figures imply roughly a 125% ROI and an indicative valuation near $0.669 per ENA at the time of the deposit valuation, source: @OnchainLens. According to @OnchainLens, the reported address is 0x5119941df07190f196f928f5087acf3dd9ed41e1, source: @OnchainLens.