An institution is suspected of buying low and selling high on ENS, making a profit of $8.2 million in 3 months

PANews reported on March 14 that according to monitoring by Ember (@EmberCN), an institution suspected to be Blockchain Capital hoarded a large amount of ENS at a low point, and then sold it after the price of ENS broke through $40. In three months, it has sold 766,000 ENS (about 17.71 million US dollars) and made a profit of 8.2 million US dollars.

The agency withdrew 1.306 million ENS from Binance through four addresses in 2023 (average price of $12.4, total value of $16.23 million). After the price of ENS exceeded $40 at the end of 2024, it began to transfer to exchanges such as OKX, Bybit, and Gate. Currently, 766,000 ENS have been sold (average price of $23.1), and 540,000 ENS (about $8.85 million) are still held.