Anchorage Digital Withdraws $3.96M from Binance

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As the altcoin market prepares for a bullish comeback, Anchorage Digital, one of the largest holders of ENA, withdrew 10.7 million ENA tokens. The transaction is worth nearly $4 million and has occurred over the Binance Exchange. The strategic move to withdraw ENA before the altcoin bull run reflects the firm’s expectation of a bull run in ETH. The transaction occurred nearly 10 hours ago, with Ethena trading at a decline of 43% from the peak of April 2024. Currently, the ENA price is trading at $0.36, with an intraday move of 0.65%.