The mysterious cryptocurrency Whale has sparked hypothesis throughout the group after making hostile strikes in the direction of $ENA, Ethena’s native token. Lookonchain, an on-chain analytics platform that intently screens quite a few transactions involving the motion of giant quantities of property, introduced the information via its official X account.
A mysterious whale is shopping for $ENA.
The whale withdrew 13.11 million $USDC from #Binance and #Bybit after which deposited 6.6 million $USDC into #Hyperliquid to buy $ENA.
Up to now, he has spent $5.1 million USDC to purchase $17.76 million ENA at $0.2874. https://t.co/b19JP8F4VLhttps://t.co/yjpiXqpRmE… pic.twitter.com/5brLUVQY00
— Lookonchain (@lookonchain) November 28, 2025
A considerable amount of tokens being withdrawn is an indication of one thing huge occurring sooner or later. Equally, Whale withdrew $13.11 million from main exchanges corresponding to Binance and Bybit, in response to information collected by Whale. This enormous quantity will probably be invested within the Hyperliquid platform as $6.6 million USDC. There are clear indicators that stablecoins are much better parked than held.
Whale’s $ENA buy displays pure market sentiment
In accordance with Lookonchain, The Whale has already spent $5.1 million USDC and achieved $17.76 million ENA, with a median buy value of $0.2874 per token. It’s human nature to maneuver in that route wherever we see a bonus. This transfer clearly represents this concept.
This estimate is being made by the merchants themselves, regardless of the shortage of clear messages or bulletins from $ENA. They discover it enticing to carry $ENA solely after observing important ups and downs in market sentiment. This buy is totally based mostly on the notion and evaluation of consumers and merchants.
Whale accumulation boosts preliminary confidence in $ENA market outlook
Whale accumulation has traditionally performed an essential function in demonstrating early market confidence, particularly in mid-cap tokens. Patrons have turn into cautiously conscious of this volatility and potential upward stress, inflicting them to consider future tendencies out there and take motion accordingly. They imagine that such progress means that $ENA could also be up to date sooner or later with a bigger viewers and a focus.
On-chain exercise has raised fears that consumers will make investments extra $USDC to earn $ENA for holder standing upgrades. There are a lot of people who find themselves clinging to the marketplace for future choices and making an attempt to validate their future decisions.
