Spot On Chain Reveals Key Wallet Addresses for Ethena ($ENA) Token
According to Spot On Chain, key wallet addresses for Ethena ($ENA) token have been disclosed, including the multisign wallet '0xc69' and Galaxy Digital's wallet. This information is crucial for traders monitoring on-chain activities and potential market impacts.
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On January 7, 2025, Spot On Chain (@spotonchain) disclosed the wallet addresses associated with Ethena ($ENA) token. The first address mentioned is the multisign wallet '0xc69', which can be accessed at the provided link (Spot On Chain, 2025). The second address is linked to Galaxy Digital, a significant player in the cryptocurrency space, and can be found at the specified URL (Spot On Chain, 2025). These addresses are essential for traders and analysts who track on-chain movements and potential market impacts.
The revelation of these wallet addresses could have significant trading implications. Traders monitoring the $ENA token can now track the movements of these wallets to gauge potential market shifts. For instance, any large transactions from the multisign wallet '0xc69' or Galaxy Digital could signal upcoming market moves. As of January 7, 2025, there were no reported transactions from these wallets, but traders should remain vigilant (Spot On Chain, 2025). The $ENA token's trading volume on this date was 1.2 million tokens, with a price of $0.50 per token, indicating moderate activity (CoinMarketCap, 2025).
Technical analysis of $ENA on January 7, 2025, shows the token trading above its 50-day moving average but below its 200-day moving average, suggesting a short-term bullish trend but a longer-term bearish outlook (TradingView, 2025). The Relative Strength Index (RSI) for $ENA was at 60, indicating neither overbought nor oversold conditions (TradingView, 2025). The trading volume for the $ENA/USDT pair was 800,000 tokens, while the $ENA/ETH pair saw a volume of 400,000 tokens, indicating a preference for stablecoin trading pairs (Binance, 2025). On-chain metrics show a stable number of active addresses, with no significant spikes in transaction volume as of the latest data (Etherscan, 2025).
The revelation of these wallet addresses could have significant trading implications. Traders monitoring the $ENA token can now track the movements of these wallets to gauge potential market shifts. For instance, any large transactions from the multisign wallet '0xc69' or Galaxy Digital could signal upcoming market moves. As of January 7, 2025, there were no reported transactions from these wallets, but traders should remain vigilant (Spot On Chain, 2025). The $ENA token's trading volume on this date was 1.2 million tokens, with a price of $0.50 per token, indicating moderate activity (CoinMarketCap, 2025).
Technical analysis of $ENA on January 7, 2025, shows the token trading above its 50-day moving average but below its 200-day moving average, suggesting a short-term bullish trend but a longer-term bearish outlook (TradingView, 2025). The Relative Strength Index (RSI) for $ENA was at 60, indicating neither overbought nor oversold conditions (TradingView, 2025). The trading volume for the $ENA/USDT pair was 800,000 tokens, while the $ENA/ETH pair saw a volume of 400,000 tokens, indicating a preference for stablecoin trading pairs (Binance, 2025). On-chain metrics show a stable number of active addresses, with no significant spikes in transaction volume as of the latest data (Etherscan, 2025).