Three Multi-Sig Addresses Withdraw $35.68M in ENA from Centralized Exchanges
CryptoNewsTerminal Staff24 May, 2024
Three Multi-Sig Addresses Withdraw $35.68M in ENA from Centralized Exchanges
Over the past week, three new multi-sig addresses have withdrawn a total of 43.19 million ENA ($35.68 million) from Gate.io and Bybit, according to data from SpotOnChain. With ENA's price surging 28% over the past seven days, these addresses are sitting on $2.05 million in unrealized profits. ENA is currently trading at $0.8951, up 6.11% on the day, according to CoinMarketCap. The withdrawals come as ENA has seen a surge in trading volume and price in recent weeks. The token is up over 100% since the start of the year. It is unclear who is behind the multi-sig addresses or what their intentions are. However, the withdrawals could be a sign that investors are becoming more bullish on ENA.
