Major VCs including Pantera Capital and Wintermute accumulated ENA positions while Multicoin exited 54.7M ENA.
Ecosystem ·
An unknown entity has staked approximately 95 million ENA tokens sourced from Coinbase Prime across two wallets, positioning itself as the largest EOA staker of ENA. Meanwhile, several institutional investors have made contrasting moves: Pantera Capital accumulated 56.4 million ENA through Nonco's OTC desk on July 24, Maelstrom purchased 6 million ENA in two transactions, and Wintermute staked 3 million ENA through a controlled multi-signature wallet. These accumulations occurred over recent weeks.
In contrast, Multicoin exited 54.7 million ENA via Galaxy's OTC desk on June 4, timing the sale within a day of a local price high. The divergence reflects different positioning strategies among major market participants during this period.
The full scope of ongoing ENA holder movements and whether these positions have shifted since the transaction dates remain unclear. The identity of the unknown entity accumulating the 95 million ENA tokens has not been disclosed.