Crypto News

ENS Tops Smart Money Accumulation Chart As Major Whale Makes Significant Moves

ENS ($ENS) is currently leading the Smart Money accumulation chart on iCrypto, highlighting its growing interest among prominent investors.

One notable transaction involves wallet 0x756a, which recently withdrew 73.84K $ENS, valued at approximately $2.01 million, from Binance. This wallet is known for achieving a remarkable 378% return on investment with Injective Protocol ($INJ):

  • On June 29, 2023, the wallet withdrew 19.8K $INJ, worth around $156.22K.
  • Later, on January 2, 2024, the same wallet deposited 19.79K $INJ, valued at $746.87K.

Massive Profit Percentage For This $ENS Whale

These transactions resulted in a substantial profit of $590.65K, representing a 378% increase.

Continuing its strategic moves, the wallet owner recently deposited 524.6 $ETH, valued at $1.77 million, to Binance five hours ago. Shortly after, one hour ago, the wallet withdrew 73,843 $ENS, worth about $2.03 million, from Binance.

This latest withdrawal of approximately $2 million worth of $ENS underscores the ongoing accumulation trend and highlights the significant confidence smart money investors have in ENS. As the crypto market continues to evolve, ENS remains a focal point for major investors looking to capitalize on its potential.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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