ENS Early Investor Address Transfers 94,000 ENS to Binance, Valued at $2.62M

IconCryptoNewsTerminal Staff29 Jul, 2024

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ENS Early Investor Address Transfers 94,000 ENS to Binance, Valued at $2.62M

On-chain analyst ai_9684xtpa revealed via Twitter that an address presumably belonging to an early investor in the Ethereum Name Service (ENS) transferred 94,000 ENS ($2.62 million) to Binance within the last hour. Notably, this address had received 3.86 million ENS ($68.65 million) from the ENS project team on May 4, 2022, and currently holds 2.17 million ENS. The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. It provides a user-friendly way to access resources on the blockchain, such as Ethereum addresses, smart contracts, and websites.

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