ENA: 16M Tokens Shifted to Binance by Multisig Wallet

ENA faced fresh selling pressure after a Gnosis multisig wallet 0x650f844f65b42afC8daCcAa26d176A83bf0355E2 pulled 16M tokens worth $1.37M and routed them straight to Binance.

The move aligns with distribution patterns observed over the past six months as large holders rotate exposure amid broader market rotation into assets like BTC and TAO.

Price action on the 4h chart shows ENA testing the upper Bollinger Band at $0.09 while the RSI sits at 67.43 in neutral territory and the MACD maintains its golden cross above zero. With the 50-EMA and 200-EMA both anchored at $0.08, any rejection at current resistance points to a measured pullback toward that dual EMA support before the next leg higher.