Whales Move $8.98 Million in ENA from Binance: ARCA and Mysterious Address Withdraw 24.26 Million ENA

According to an analysis by on-chain data specialist Yu Jin on November 1, significant movements were observed in the cryptocurrency market as two institutional addresses executed substantial withdrawals from Binance. The total value of the withdrawn ENA assets reached an impressive $8.98 million. Among the transactions, the address identified as ARCA pulled out approximately 13.518 million ENA, equivalent to around $5 million, indicating a robust interest from major players. Additionally, another wallet, recognized by its starting digits 0xc04, withdrew around 10.74 million ENA, valued at nearly $3.98 million. These notable transactions underscore the growing demand for ENA, potentially impacting its market dynamics and liquidity. Investors should remain vigilant as such shifts could signal larger trends within the crypto ecosystem.