Lookonchain: Wallet Opens 3x Long on ENA After Hacker Dump

Lookonchain flagged a fresh wallet 0xedc0 that deposited 2M USDC into Hyperliquid and opened a 3x long on 22.78M ENA valued at $4.09M immediately after the Binance hacker completed dumping 217.5M ENA for $33.93M.

The same entity had already offloaded large bags of UNI, PEPE, LINK, AAVE, ONDO and WLD, converting everything into 70,480 ETH worth $158.25M.

Price action on the 4h chart shows ENA at $0.18 testing the lower Bollinger Band support while the EMA50 and EMA200 both sit at $0.2 acting as overhead resistance. With the MACD locked in a death cross and RSI at 39.38 still neutral, the structure remains bearish; any bounce toward the $0.22 upper band would likely stall at the 50-EMA confluence before the next leg lower.