Crypto
ENA Whale Snatches 44M Tokens from Coinbase and Stakes Them High
A significant event has occurred in the ENA market after a whale withdrew 44.19 million tokens valued at $682,000 from Coinbase and immediately staked them into Ethena.
The price action on the 4h chart is currently sitting exactly at the EMA50 level of $0.15, which now functions as immediate support, while the EMA200 at $0.12 offers deeper structural backing.
The neutral RSI reading of 46.62 leaves room for continuation higher even as the MACD registers a death cross, and the position inside the Bollinger bands keeps the $0.17 upper band as the next volatility target before any test of the $0.14 lower band.