According to @EmberCN, 200,000 ENS (~$4.46M) moved about two hours prior from the ENS timelock contract to wallets labeled as Binance and Galaxy Digital, signaling a notable exchange inflow event for ENS liquidity, Source: @EmberCN on X. Arkham Intelligence shows transfers from address 0xd7A029Db2585553978190dB5E85eC724Aa4dF23f with recipient entities labeled as Binance and Galaxy Digital, corroborating the movement and counterparties, Source: Arkham Intelligence intel.arkm.com/explorer/address/0xd7A029Db2585553978190dB5E85eC724Aa4dF23f. Traders typically monitor exchange-bound inflows because assets sent to exchange deposit addresses become readily tradable and can influence near-term order book liquidity, Source: Binance Academy — A Beginner’s Guide to On-Chain Analysis academy.binance.com/en/articles/a-beginners-guide-to-on-chain-analysis.

According to @EmberCN, a wallet linked to Trend Research transferred 203,000 ENS valued around $4.72 million into Binance about 10 minutes before the post, source: @EmberCN. The same ENS were withdrawn from Binance about one month earlier when valued around $5.5 million, implying a potential realized loss of about $780,000 if sold now, source: @EmberCN. The author questioned whether this exchange deposit signals intent to sell and provided the wallet address link in the post, source: @EmberCN.

According to @EmberCN, an ENS multisig moved 141,937 ENS (approximately $4.02M) in the past 20 minutes, routing 72,437 ENS to FalconX and 69,500 ENS to Coinbase, source: @EmberCN; the transactions and labeled recipient addresses are visible on the referenced Arkham Intelligence address page for the cited wallet, source: Arkham Intelligence. Traders tracking ENS can monitor exchange inflows and spot liquidity on Coinbase and potential OTC routing via FalconX following these transfers, source: @EmberCN; Arkham Intelligence.