According to The Data Nerd, a whale identified as 0x41F received 17 million ENA tokens (approximately $5.41 million) from a multi-signature wallet within one hour and quickly routed the funds through Flowdesk to deposit on Binance, Gate, and Bybit exchanges (source: The Data Nerd via Twitter; intel.arkm.com). This significant on-chain movement may indicate incoming sell pressure or liquidity provision, which traders should closely monitor, as large deposits by whales historically precede increased volatility and potential price swings for ENA.