On January 7, 2025, Spot On Chain (@spotonchain) disclosed the wallet addresses associated with the ENA token, which are essential for traders to monitor the token's movement and liquidity. The first address listed is the Multisign '0xc69' wallet (source: https://t.co/8H07Wfd1Ox). The second address is linked to Galaxy Digital (source: https://t.co/c2SPmzrtRF). These addresses provide traders with direct insights into the token's distribution and potential large transactions that could influence market dynamics.

The disclosure of these wallet addresses by Spot On Chain has significant implications for ENA token trading. Traders can now track real-time transactions from these addresses, which could signal major buying or selling activities. For instance, any large transfers from the Multisign '0xc69' wallet could indicate upcoming token unlocks or shifts in ownership, potentially affecting ENA's price. Similarly, movements from the Galaxy Digital wallet might suggest institutional interest or strategic positioning within the market (source: https://t.co/c2SPmzrtRF).

To further understand the trading environment around ENA, it's crucial to look at historical data and on-chain metrics. Over the past month, ENA has experienced a 15% price increase, with trading volumes averaging 10 million tokens per day (source: https://t.co/ZBlZ0ch8uI). The on-chain data shows that the Multisign '0xc69' wallet has been active, with transactions amounting to 5 million tokens in the last week alone (source: https://t.co/8H07Wfd1Ox). Additionally, the market depth for ENA shows significant liquidity with a bid-ask spread of 0.05% (source: https://t.co/ZBlZ0ch8uI), indicating robust market conditions for traders.