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<p>The cryptocurrency world witnessed a significant accumulation of the Ethena (ENA) token, with a crypto whale believed to be linked to Amber Group making substantial withdrawals from Binance. This series of transactions has sparked speculation and interest among market observers.</p>
<h2 class="wp-block-heading" id="strong-amber-group-s-alleged-involvement-strong"><strong>Amber Group’s Alleged Involvement</strong></h2>
<p>According to blockchain <a href="https://platform.spotonchain.com/en/signal-details/amber-group-allegedly-further-withdrew-ena-from-binance-79875" target="_blank" rel="noopener noreferrer nofollow">data</a> from Spotonchain, a wallet address speculated to belong to Amber Group, a top crypto firm, has been actively withdrawing ENA tokens from Binance. In the latest development, the wallet further withdrew 4.61 million ENA tokens, worth approximately $4.22 million at the time, from the exchange.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="692" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-1024x692.png" alt="" class="wp-image-467455" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-1024x692.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-300x203.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-767x518.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-1536x1038.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-2048x1383.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-222x150.png 222w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-518x350.png 518w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153-788x532.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-153.png 604w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>This withdrawal was facilitated through a single transaction, with the tokens being transferred at an average price of $0.916 per ENA. Interestingly, the same wallet had previously <a href="https://platform.spotonchain.com/en/signal-details/amber-group-allegedly-withdrew-ena-from-binance-for-the-first-time-79803" target="_blank" rel="noopener noreferrer nofollow">withdrawn</a> 499,980 ENA tokens, valued at around $445,000, from Binance at $0.89 per token, marking its first known withdrawal of this particular asset.</p>
<h2 class="wp-block-heading" id="strong-massive-ena-accumulation-strong"><strong>Massive ENA Accumulation</strong></h2>
<p>Consequently, the wallet now holds a total of 5.11 million ENA tokens, worth an estimated $4.67 million. This substantial accumulation of ENA tokens has raised eyebrows within the crypto community, fueling speculation about the potential reasons behind these moves.</p>
<p>Notably, the ENA token has experienced a remarkable price surge in the past 24 hours, with its value increasing by 59.43%. According to the latest data from CoinGecko, the price of Ethena (ENA) currently stands at <a href="https://www.coingecko.com/en/coins/ethena" target="_blank" rel="noopener noreferrer nofollow">$1.03</a>, representing a 48.50% increase over the previous day.</p>
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<h2 class="wp-block-heading" id="strong-crypto-whale-s-potential-impact-strong"><strong>Crypto Whale’s Potential Impact</strong></h2>
<p>This crypto whale, reportedly linked to Amber Group, has accumulated a massive amount of ENA tokens, potentially exerting significant influence on the token’s market dynamics. Such substantial investments from major players can often shape market sentiment and drive further price movements.</p>
<p>It is worth noting that while the identity of the whale remains unconfirmed, the transactions and wallet addresses suggest a potential connection to Amber Group, a well-established player in the crypto industry. However, further verification and confirmation from the involved parties are necessary to ascertain the accuracy of these speculations.</p>
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<p>The post <a href="https://captainaltcoin.com/crypto-whale-massively-accumulates-ethena-ena-tokens-from-binance-in-multiple-transactions/" rel="noopener noreferrer nofollow">Crypto Whale Massively Accumulates Ethena (ENA) Tokens from Binance in Multiple Transactions</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Whale Massively Accumulates Ethena (ENA) Tokens from Binance in Multiple Transactions

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