Cryptocurrency analyst Ali Martinez recently reported a significant influx of ENA tokens into exchanges. Over the past two weeks, approximately 250 million ENA, valued at $154.75 million, has been deposited. Why This Matters: Potential Sell-Off? Exchange deposits are commonly seen as an indicator of intent to sell. This substantial increase in ENA deposits suggests that holders may be preparing to liquidate their positions. However, it's important to note that deposits aren't always followed by sell-offs, other reasons such as staking or providing liquidity may apply. ENA Price Update Despite the concerning deposit data, ENA is currently trading at $0.6185, marking a 16.21% increase in the last 24 hours, according to CoinMarketCap. This price surge could be attributed to various factors, including overall market sentiment or specific project developments. Market Outlook for ENA While the exchange deposits raise concerns, the recent price increase indicates ongoing interest in ENA. Investors should closely monitor market trends and conduct thorough research before making any decisions. ```