New Wallet Acquires 40 Million ENA for $3.69 Million and Stakes Entire Position in Ethena
AI Market Summary
A newly created address bought 40M ENA (~$3.69M) and immediately staked the full amount in Ethena, signaling sizable spot demand and near-term supply removal from liquid markets. The stake-through behavior suggests longer holding intent and can tighten circulating float. With ENA already up ~18% over the past month, the flow may reinforce positive momentum and elevate attention on Ethena's staking participation.
Impact level
● Medium
Affected assets
ENA/USDT+0.56%
AI Insight · ENA/USDTAI Insight
▲ Bullish
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According to monitoring by AI Aunt as reported by Odaily Planet Daily on Dec. 11, a newly created cryptocurrency wallet executed a significant acquisition of 40 million ENA tokens. The transaction, valued at approximately $3.69 million, occurred roughly three hours prior to the report, reflecting an average entry price of $0.09269 per token. Following the purchase, the entity immediately staked the entire 40 million ENA position into the Ethena protocol. This substantial accumulation comes during a period of positive price action for the asset; market data indicates that ENA has appreciated by 18.13% over the past month. The move highlights continued high-net-worth interest in Ethena's ecosystem and its native token's staking yields.
