Exchange detects massive ENA transfers

As reported by Odaily, there has been significant movement of ENA tokens over the past week. Blockchain monitoring service Spot On Chain reported that more than 43.19 million ENA tokens were transferred from exchanges to multi-signature addresses. The total value of these tokens is estimated to be approximately $35.68 million, with a floating profit of $2.05 million.

The transfer of such a large number of ENA tokens indicates a significant shift in the distribution of these digital assets. Multi-signature addresses are often used for enhanced security, which indicates that the owners of these coins are taking precautions to protect their investments. The $2.05 million floating profit also shows that the value of the ENA token has increased since the original purchase.

This move in the ENA token is a noteworthy event in the digital currency market. It reflects the ongoing changes in the distribution and value of digital assets. As the market continues to evolve, this type of mass transfer is likely to become more common.