Giant Cryptocurrency Whale Withdraws Millions Of Dollars Of This Altcoin From Binance And Locks It All Up

According to the analyzed onchain data, some major cryptocurrency whales have made significant transactions in recent hours.

A whale identified by the short wallet address 0x8f9f withdrew an impressive 6 million $ENA (equivalent to approximately $8.58 million) from Binance and staked it all just an hour ago. This action made the whale among the largest stakers in the $ENA contract.

Remarkably, this whale had staked 8.96 million USD a month ago. Despite the general decline in the market, $ENA has shown a significant increase of 12% in the last 24 hours. This increase coincides with a period when a total of 114 million $ENA (equivalent to approximately $165 million) was staked in the last two days.

In another development, a new wallet with short address 0x1dc attracted 7.5 million IDs (valued at $6.74 million) from OKX at $0.898 per token.

The whale with short address 0xaa4 attracted another 115,500 $PENDLE (worth $755 thousand) at a price of $6.53 per token, in addition to previous $PENDLE purchases from Binance.

Whale has withdrawn a total of 500,000 $PENDLE from Binance since April 5, 2024 for an average of $6.26 (estimated cost: $3.13 million). The tokens were then locked through Pendle Finance, resulting in a small unrealized profit of $117k (+3.75%).

*This is not investment advice.