According to Lookonchain, whale address 0x41Fc deposited 17 million ENA tokens (valued at $5.41 million) into Binance, Bybit, and Gateio via Flowdesk approximately 40 minutes ago (source: Lookonchain via intel.arkm.com). Large deposits by high-net-worth wallets often signal potential selling pressure, which could impact ENA's price in the short term. Traders should monitor order book activity and liquidity on these major exchanges, as increased supply may lead to heightened volatility. This transaction is particularly relevant for crypto market participants tracking whale movements and their influence on ENA token price trends.

According to The Data Nerd, a major ENA whale (address 0xe87) deposited 14.827 million ENA (valued at approximately $5.61 million) to Binance just one hour ago. The whale had accumulated these ENA tokens at an average entry price of $0.5256 about seven months prior. If all tokens are sold at the current price, the realized loss would be around $2.25 million, marking a negative return on investment of 29%. This large transfer to Binance signals a potential increase in sell-side pressure on ENA and could influence short-term price volatility. Traders should closely monitor ENA order books and liquidity on Binance for potential breakout or further downside. Source: The Data Nerd (@OnchainDataNerd, May 15, 2025).