Whale Accumulates ENA on HyperLiquid After Depositing 13.12M USDC and Buying 25.56M ENA in Spot Market

COINOTAG News, citing Onchain Lens, reports that a major on-chain whale moved 13.12 million USDC into the HyperLiquid platform over the past four days to accumulate ENA in the spot market. This activity signals targeted demand rather than broad-market selling, highlighting persistent liquidity interest in ENA.

To date, the wallet has acquired 25.56 million ENA at a cost of about $7.25 million and is currently holding 5.78 million USDC, with additional purchases continuing through the current session.

Market observers should monitor how this concentrated accumulation impacts ENA liquidity on HyperLiquid and whether it translates into broader price dynamics, while maintaining prudent risk assessment for single-wallet activity.