The ghost of Alameda seems to still be lurking in the shadows The bankruptcy liquidation crew is back to “dump the market” right on schedule. I followed the on-chain flows and found that this suspected Alameda Research address is treating Wintermute like its personal OTC cash machine. Just 19 hours ago, this big guy didn’t hold back and directly sent 2.335 million ENA to Wintermute’s deposit address. Looking further back at its history, it’s basically a ruthless “collection + sell-off” assembly line: receiving unlocked allocations every month, then dumping them onto Binance or market makers every few days. Three months ago, it dumped 3.11 million tokens, and now here comes another wave. With these tokens handed over to Wintermute, what do you guys think will happen with this 2+ million spot sell-off pressure: A. Will it be absorbed internally via OTC, no impact on the market B. Will market makers dump it directly at market price—time to run! C. Is this a bottoming-out signal—time to buy the dip Faced with this kind of ticking time bomb institutional unlock dump, are you guys feeling nervous holding ENA right now? Let’s chat in the comments