ENA: Sun-Linked Wallet Sends 13.4M Tokens to Binance

ENA faced fresh selling pressure after a wallet tied to Justin Sun deposited 13.4 million tokens valued at $3.22 million into Binance nine hours ago.

The move aligns with ongoing whale activity around the Ethena protocol and raises questions for ENA price prediction models as exchange inflows often precede distribution. On the 4h chart ENA sits at $0.24 inside the Bollinger band with the EMA50 acting as immediate resistance at the same level while the EMA200 provides lower support at $0.21; the MACD death cross and neutral RSI at 45.8 confirm the bearish structure remains intact and any bounce toward the $0.26 upper band looks likely to stall before retesting the $0.23 lower band.