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In a significant development for the Ethereum Name Service (ENS), recent data reveals that a prominent early investor reinvested an impressive 154,000 ENS tokens into Binance. This transaction, occurring three months post last activity, equates to approximately $2.47 million. Notably, since May 4, 2022, this wallet has accumulated a total of 3.86 million ENS tokens, initially distributed by the project team. As of 2024, the holder has executed transfers worth approximately $6.42 million to various exchanges, underlining an active trading strategy. Impressively, the address currently retains 2.02 million ENS, translating to a value of about $32.36 million. This substantial holding may reflect the investor’s confidence in the continuing potential of the ENS ecosystem, particularly as it navigates the evolving landscape of decentralized domains.
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