According to Ai 姨 (@ai_9684xtpa), following Coinbase's announcement to add ENA to its roadmap, a whale with address 0xEe6...8d6C5 deposited 6.39 million ENA tokens worth $2.16 million to Binance nine hours ago, likely preparing for a major sell-off. These ENA tokens were claimed two weeks ago from the @ethena_labs multisig address, potentially as part of an institutional or whale airdrop unlock. This large-scale movement and possible liquidation could introduce significant price volatility for ENA and influence broader crypto trading sentiment, especially amid heightened interest due to Coinbase's roadmap update (source: https://twitter.com/ai_9684xtpa/status/1930458438909473202).

According to The Data Nerd, Fasanara Capital deposited a total of 5,626 ETH, valued at approximately $14.34 million, into major exchanges including Coinbase, Copper, and Gemini within 24 hours. Subsequently, the entity withdrew USDC to its wallet (source: @OnchainDataNerd, June 3, 2025). This significant ETH-to-USDC conversion signals a potential shift in large-scale trading strategies, increasing ETH liquidity on exchanges and potentially impacting spot and derivatives markets. Traders should watch for short-term volatility in ETH prices and monitor USDC inflows for clues on institutional positioning.

According to Lookonchain, Grayscale Bitcoin Trust transferred 9,645 BTC valued at $911.3 million out of its holdings approximately four hours ago (source: Lookonchain via Twitter, May 1, 2025). Such large-scale Bitcoin movements by institutional funds often signal potential volatility or liquidity events in the BTC market. Traders should closely monitor Bitcoin price action and related on-chain activity for potential impacts on short-term price trends and order book liquidity (source: intel.arkm.com/explorer/entity/).