Massive ENA Token Unlock Sparks Large Transactions as Amber Group Moves $5.81 Million

On March 7th, COINOTAG News reported significant activity in the crypto market surrounding the token ENA. Following a substantial unlock of approximately 2.07 billion ENA tokens, there has been a notable increase in large on-chain transactions. A new wallet, identified as 0x320…1Efd4, received a remarkable 9.34 million ENA during the unlock on March 5th, 2023, subsequently depositing its entire balance into Binance, equating to a value of $3.47 million. Additionally, Amber Group, a prominent liquidity provider for ENA, recently transferred 14.61 million ENA tokens, worth approximately $5.81 million, to two different addresses after a three-month hiatus from large ENA transactions. This uptick in trading activity highlights increasing interest in ENA amidst a developing liquidity landscape.