A certain institution is suspected of buying low and selling high ENS, making a profit of $8.2 million within 3 months

According to monitoring by EmberCN, a suspected blockchain capital institution hoarded a large amount of ENS at its low point and subsequently sold it after the ENS price exceeded $40. Within three months, 766000 ENS (approximately $17.71 million) have been sold, earning a profit of $8.2 million. The institution will extract 1.306 million ENS (with an average price of $12.4 and a total value of $16.23 million) from Binance through four addresses in 2023. After the ENS price exceeds $40 by the end of 2024, it will begin to transfer to exchanges such as OKX, Bybit, and Gate. At present, 766000 ENS have been sold (with an average price of $23.1), and 540000 ENS are still held (approximately $8.85 million).