Suspected ENS Investor Transfers 154,000 Tokens to Binance

Quick Summary:

Suspected ENS Investor Transfers 154,000 Tokens to Binance In a significant on-chain event, a wallet suspected to belong to an early Ethereum Name Service (ENS) investor has transferred 154,000 ENS tokens to Binance, valued at approximately $2.47 million.

The transfer of 154,000 ENS at $16.05 per token, compared to the remaining 202,000 ENS valued at $160 per token, underscores a dramatic increase in token valuation, likely driven by enhanced utility, increased adoption, and positive market sentiment.

With over 100 million monthly active addresses on Solana and significant inflows into Bitcoin ETFs, the broader digital asset market is witnessing robust growth.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News ENS

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 15:15:11 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 974 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23399116

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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