Multicoin Capital: Transfers 54.65M ENA to Galaxy Digital

Multicoin Capital shifted 54.65 million $ENA tokens valued at $5.12 million into Galaxy Digital for an apparent OTC sale, triggering a 14% drop in ENA over the past 24 hours.

The tokens originated from the project wallet in October 2025 at a $25.1 million valuation and have since lost 80% of their value, yet the same address booked $28.3 million in gains on HYPE after purchasing 1.355 million tokens at $29 in January and selling half at $34 in March.

ENA price prediction models must factor the 4h chart where price sits at $0.09 inside Bollinger Bands with $0.08 lower support and $0.12 upper resistance; the EMA50 and EMA200 both at $0.1 act as firm overhead resistance while the MACD death cross at 0.0 confirms bearish trend strength even as RSI at 47.07 remains neutral.