Galaxy Digital on the Move: $6.73M $ENA Sent to Binance—At a Loss?

In the past 4 hours, an address associated with Galaxy Digital deposited 17.82 million #ENA to #Binance —worth around $6.73 million.

What’s interesting? Between October 2024 and February 2025, the same address accumulated 22.64M ENA at an average price of $0.5258.

If the current deposit is being offloaded now, Galaxy could be locking in a loss of ~$2.64 million.

📉 Accumulation → Exit?

On-chain watchers are keeping an eye on this wallet:

0xe87Ed6Dd514A29Bc96fd5d5A7bD2ac1C496AFe04