According to @lookonchain, two whale wallets transferred a combined 60 million ENA tokens, valued at approximately $30 million, to the centralized exchanges Binance and Bybit. This significant on-chain movement to exchanges is often interpreted by traders as a potential precursor to selling activity, which could increase the available supply of ENA on these platforms and potentially exert downward pressure on its market price. The transactions were confirmed on the Ethereum blockchain, as cited by the source.

According to Lookonchain, the wallet identified as being linked to the TRUMP token team has deposited 3.5 million $TRUMP, valued at $52.66 million, into cryptocurrency exchanges once again (source: x.com/lookonchain/status/1921017527062143149, solscan.io/account/CDW1AU). This substantial movement of tokens signals a potential increase in selling pressure, which traders should monitor closely for possible price volatility and liquidity changes. Previous similar deposits have correlated with short-term price dips, suggesting a need for heightened risk management and rapid response strategies among $TRUMP holders and active traders.