Whale 0x3C71: Deposits 102M ENA to Coinbase

Lookonchain flagged that whale 0x3C71 moved its last 102M ENA ($15.6M) into Coinbase over the past two days, completing the sale of the entire 142.92M ENA grant received from Ethena two years ago at a $0.24 average exit price.

ENA trades at $0.15 inside the Bollinger band with lower support at $0.15 and upper resistance at $0.16; price sits below the EMA50 at $0.16 and well under the EMA200 at $0.19, confirming the bearish structure, yet the MACD golden cross at -0.0 offers a modest bullish signal while RSI at 32.94 remains neutral and leaves scope for additional downside before oversold territory is reached.