Analyzing the $2.29 Million Binance Withdrawal: What It Means for the Crypto Space
A new wallet just pulled $2.29 million in ONDO and ENA tokens from Binance, and it’s got people talking about what it could mean. This wallet specifically took out 1.35 million ONDO tokens (around $1.26 million) and 1.6 million ENA tokens (around $1.03 million) in a short time. It’s impossible not to think that this is smart money or institutional buying, right? Could they be prepping for a long hold instead of getting ready for a quick flip?
The action of taking out these tokens from Binance suggests there’s some serious interest in these projects. ONDO is getting some love due to its focus on real-world asset tokenization, and ENA, linked with Ethena, is rising in importance in the DeFi scene. As a rule of thumb, when tokens get…
