Ethena

<p>Crypto whales are reportedly increasing their Ethena ($ENA) holdings amid the growing bullish momentum in the market. As per Lookonchain, a prominent <a href="https://blockchainreporter.net/glossary/on-chain/" rel="noopener noreferrer nofollow">on-chain</a> analytics firm, a whale has redeemed 13.65M $ENA tokens from Binance. This move highlights an increasing confidence in $ENA’s future price trajectory.</p><h2 id="header-0">Whale Accumulation of $ENA Surges Amid the Increasing Bullish Outlook</h2><p>Lookonchain disclosed the latest $ENA accumulation event in an exclusive X post. The platform mentioned that the above-mentioned crypto whale has been engaging in an accumulation spree over the last 3 days. In this respect, this big asset holder created a new wallet to redeem the tokens. In total, the whale’s withdrawal accounts for an amount of up to $13.42M.  The whale extracted this staggering amount from the prominent crypto exchange Binance.</p><p>In addition to this, the crypto sector has recently been seeing investors’ doubled-down interest in $ENA. They have been increasing their $ENA holdings to capitalize on a potential price surge in the coming time. Additionally, the rising demand for $ENA will likely contribute a lot to push the price to further heights.</p><h2 id="header-1">Crypto Onlookers Anticipate a Price Run for $ENA Amid the Supportive Market Conditions</h2><p>According to <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a>, there is a wider trend among the whales to accumulate $ENA while market onlookers are optimistic. Based on the speculations, the $ENA token has a significant potential for growth. The overall supportive market conditions may help trigger its next price surge. At the moment, the crypto token is changing hands at up to $0.9204.</p>

Huge Whales Accumulate $ENA as Bullish Momentum Grows

Table of Contents

BlockchainReporter

Other articles published on Dec 21, 2024

Trump Fires Powell (TRUMPPOW) Solana Memecoin Will Surge 15,000% Before Exchange Listings, As SHI...

US SEC Approves Crypto ETFs: Franklin and Hashdex Bring Bitcoin and Ethereum to Nasdaq

Experts See DTX Exchange Gaining Dogecoin & Solana Fans

Michael Saylor Publishes Digital Assets Framework to Boost Crypto Market

Qubetics at $0.0342: Is This the Best Altcoin to Invest in for Short Term Gains? Filecoin and Cos...

Tether CEO Announces AI Platform Launch by Q1 2025

Join our free newsletter for daily crypto updates!