Odaily Planet Daily reports, according to on-chain analyst Ai Yi, the Hack VC-associated address (0x2a5…590CF) transferred 21.85 million ENA to the Wintermute deposit address via multiple intermediate transfers four hours ago, suspected of selling, involving approximately $3 million. ENA has risen 58.09% over the past week and is currently trading at $0.1478.
Hack-linked VC address allegedly sells 21.85M ENA tokens worth $3M via Wintermute
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Summary
A Hack VC-linked address (0x2a5…590CF) reportedly transferred 21.85 million ENA tokens to Wintermute’s deposit address via intermediaries four hours ago, signaling a potential $3 million sell-off. ENA has risen 58.09% over the past week and is currently trading at $0.1478. Traders are assessing the risk-to-reward ratio in light of this movement, which could impact short-term trading strategies.
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