Large holder withdrew 16M ENA (~$1.37M) from multisig and transferred to Binance, likely to sell.
Macro & Markets ·
A wallet holding ENA tokens withdrew 16 million ENA—valued at approximately $1.37 million—from its Gnosis multisig wallet and moved the funds to Binance. The transfer pattern suggests a likely intent to sell the position.
The movement originated from address 0x650f844f65b42afC8daCcAa26d176A83bf0355E2, a multisig-controlled account. Transfers from large holders to centralized exchange deposit wallets typically precede liquidation or distribution of accumulated positions, though the exact timing and size of any sale remain unconfirmed.
What is not yet clear is the identity of the underlying holder, whether this represents a partial or complete exit from the position, or whether the sale has already executed on the exchange.