The Ethereum Name Service (ENS) token has spiked by 55% due to the actions of a prominent crypto whale. After five months of inactivity, the investor deposited 50,000 ENS tokens worth $1.66 million into Binance, securing a profit of $968,000. The whale had accumulated 322,739 ENS tokens in 2022 and strategically sold 272,739 at an average price of $20.75 in the past year. This move resulted in a total estimated profit of $2.9 million, a 65% return on investment. The whale's actions have highlighted the influence of strategic trading and large-scale investors on market trends. The ENS token's price has increased to $34.47, and its trading volume has risen to $2.34 billion. Market watchers are closely monitoring whale activity and overall market developments in the cryptocurrency space.



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