CandleFocus

Massive $ENA Sell-Off: Whale Realizes 64.2% Profit on $6.01M Transaction

A whale investor known as "0x687" made a significant profit by selling 4.96 million $ENA tokens on Binance. The tokens were sold at an average price of $1.23, resulting in a total sale of $6.01 million. This yielded a profit of 64.2% for the whale investor. Prior to this, the whale had withdrawn 5.97 million $ENA tokens from Binance for staking, which were purchased at an average price of $0.75 over 206 days. The whale's activity highlights the importance of staking and trading in the cryptocurrency market and showcases the relevance of analytics tools like Spot On Chain to track whale movements. Despite the whale's sell-off, $ENA continues to rise due to high market sentiment and expectations of the company's future profitability.

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