- A whale recently deposited 282,365 ENS, valued at $9.15M, generating a $4.36M profit.
- Sustained high inflow volumes may lead to short-term price volatility.
A whale recently deposited 282,365 Ethereum Name Service [ENS], valued at $9.15M, into Binance via an intermediary wallet.
The tokens were sourced from the ENS DAO: Community Reward Funds wallet, where they were valued at $4.78M.
This strategic move generated a $4.36M profit for the whale, underscoring their precise market timing. This transaction also coincided with a 1041% spike in 24-hour inflow volume, signaling heightened market activity.
Price action and prediction of ENS
The ENS price chart reflects significant volatility following the whale’s transaction. Currently trading at $34.41, the token shows a recovery from its recent low of $28.00.
A notable price surge occurred after the whale’s deposit, with heightened buying activity on Binance potentially offsetting selling pressure.
Source: TradingView
The Relative Strength Index (RSI) stood at 50.86, suggesting a neutral trend with room for movement in either direction. If ENS maintains support above $32.00, it may retest resistance near $38.00.
However, increased sell-offs could push prices toward the $30.00 level in the short term.
The whale effect shaping trends
On-chain Inflow Volume for ENS saw a dramatic, 1041% increase in the past 24 hours, reflecting heightened market activity.
The surge aligns with the whale’s deposit of 282,365 ENS into Binance, as shown in the aggregated exchange data.
Source: IntoTheBlock
This spike indicates significant trading interest, often tied to a mix of profit-taking and speculative buying.
Sustained high inflow volumes may lead to short-term price volatility. However, if inflows stabilize, ENS could consolidate in its current price range.
Traders should monitor inflow trends for signs of increasing selling pressure or renewed accumulation.
Holder confidence increases
The total number of ENS addresses with balances currently stands at 58.39K, maintaining steady growth.
Over the past thirty days, the average was 57.31K, with a high of 57.67K and a low of 56.85K. This consistency suggests strong holder confidence despite market fluctuations.
Source: IntoTheBlock
Whale activity and inflow spikes did not significantly disrupt the total balance trend, indicating stable broader market participation.
If this trend continues, ENS could see sustained network growth, supporting long-term price stability. Traders should monitor these metrics for shifts in market sentiment.
Read Ethereum Name Service’s [ENS] Price Prediction 2025-26
Recent whale movements, significant price action, and a sharp rise in on-chain inflow volume highlight growing interest in ENS. Despite increased market activity, the total address balance remained stable, reflecting strong holder confidence.
The whale’s $4.36M profit underscores the importance of strategic timing in volatile markets. If ENS maintains network growth and balances buy-and-sell pressures effectively, it could see long-term price stability and broader adoption.
