- $ENA value has doubled since its debut, surging 13.54% in 24 hours.
- Large $ENA transfer to Binance hints at bullish momentum.
- Technical indicators suggest $ENA may face short-term pullback.
In a financial development, the digital currency $ENA witnessed an unprecedented surge, doubling its value since its market debut. This growth story unfolded as Lookonchain, a renowned analytics platform, reported a notable transaction involving the $ENA currency.
The price of $ENA has increased by ~100% since its launch!A wallet deposited 62.5M $ENA($83.75M) to #Binance 6 hours ago.
This wallet received the 62.5M $ENA($83.75M) from the Gnosis Safe Proxy wallet of the #Ethena team 4 days ago.https://t.co/Uur1QpVC4S pic.twitter.com/AuoLCStQ8u
— Lookonchain (@lookonchain) April 9, 2024
According to Lookonchain, just six hours ago, a wallet transferred 62.5 million $ENA, valued at approximately $83.75 million, to the global cryptocurrency exchange Binance. The origins of this substantial amount of $ENA trace back to the Gnosis Safe Proxy wallet associated with the Ethena team, from where the wallet received the funds four days prior.