In a significant market move, COINOTAG reported on May 19th that a prominent crypto whale, identified as ‘0xb7d’, recently made headlines by undelegating a staggering 12.16 million ENA, roughly equivalent to 4.42 million USD. The transaction, which saw the assets deposited into Binance, marks the culmination of a three-month trading period for ENA. This strategic withdrawal is noteworthy as it is estimated to reflect a loss of approximately 817,000 USD, translating to a 13.1% decline. Such substantial movements by whale accounts can influence market sentiment and trend dynamics, further highlighting the volatility inherent in the cryptocurrency landscape. Investors and analysts alike are keeping a close watch on the ramifications of this transaction, as it may signal shifts in trading behavior and investment strategies within the sector.
Source: https://en.coinotag.com/breakingnews/whale-0xb7d-moves-12-16-million-ena-to-binance-after-3-month-trading-facing-817000-loss/