The cryptocurrency market is having an active day again today. While Whales invested large amounts, Brantly Millegan, former Chief Operating Officer of Ethereum Name Services (ENS coin), sold large amounts of ENS. These movements may affect the market and the ENS price. In this news, we will examine the investments of whales and the moves of other whales in cryptos such as DYDX and ETH. We will also examine Millegan’s sales and the potential impact of these moves on the market.
Cryptocurrency whales took action today
Crypto whales are investors who carry large amounts of cryptocurrency and can influence the market. In general, it is observed that whales tend to follow general trends in the market and invest in cryptocurrencies that they think will gain value in the future. Some significant whale movements have been observed in the last 24 hours:
- Big ENA shot: A whale withdrew 7.03 million ENA (approximately $5.98 million) from Pendle and deposited it to Binance 9 hours ago. The whale’s wallet also contains $18.28 million ezETH PT and $370,000 pufETH PT. This brings the total wallet assets to $40.78 million.
- Investment in CEX from Amber Group: Amber Group deposited $2.25 million worth of DYDX and BLUR to centralized exchanges in the last three hours. 500,000 DYDX was deposited to Binance and 3 million BLUR was deposited to Coinbase.
- Huge LINK and ETH treasure: A whale withdrew 74,000 LINK (approximately $1.23 million) from Kraken 14 hours ago. He simultaneously accumulated 1,502 ETH (about $5.61 million). Over the last 3 days, the whale collected 210,000 LINK at an average price of $16.7 and 3,101 ETH at an average price of $3,692.
Major sale danger for ENS coin
Brantly Millegan, former Chief Operating Officer of Ethereum Name Services (ENS), began selling large amounts of ENS. According to data from on-chain analysis platform Spot On Chain, Millegan transferred 92,535 ENS to cryptocurrency exchange Coinbase on May 22 at an average price of $21.34. This sale, along with Millegan’s previous sales, caused the price of ENS to drop.
Millegan has earned $6.53 million by sending 291,305 ENS to Coinbase since January. There are still 373 thousand ENS (about $7.97 million) in the Timelock wallet. According to CoinGecko data, ENS, which entered an upward trend with the spot Ethereum ETF news, gained 53% in value in the last week and is currently trading at $ 21.96. Whale movements and ENS Operations Director’s sales may cause fluctuations in the cryptocurrency market. It is important for investors to follow such movements and plan their investments accordingly.
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