Huo Xing Cai Jing reports, according to on-chain analyst Ai Yi, a new address, 0x341…CaADb, accumulated 40 million ENA (approximately $3.69 million) three hours ago at a price of $0.09269, followed by staking the tokens into Ethena. ENA has risen 18.13% over the past month.
ENA Rises 18.13% in One Month as Wallet Buys $3.69M Worth in Three Hours
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Summary
On-chain data shows a new wallet, 0x341…CaADb, purchased 40 million ENA tokens ($3.69M) over three hours at $0.09269, then staked them into Ethena. On-chain analysis indicates the purchase occurred amid an 18.13% monthly increase in ENA’s price.
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