PANews reported on January 7 that according to Spot On Chain monitoring, in the past 14 hours, two giant whales/institutions transferred 16.38 million ENA (US$19.4 million) to CEX.

• The multi-signature address starting with 0xc69 deposited 10 million ENA (US$11.9 million) to Bybit 13 hours ago and still holds 124.7 million ENA (about US$144 million), most of which are pledged. This multi-signature address often sells ENA before the price drops, and seems to share the same Bybit deposit address with Arthur Hayes (founder of BitMEX).
• 6 hours ago, Galaxy Digital deposited 6.38 million ENA ($7.49 million) to Binance at $1.173. They withdrew 10.9 million ENA from Binance at $0.925 on December 5, 2024, and now still holds 4.45 million ENA ($5.17 million), with an estimated total profit of $2.64 million (+26%).