Whale buys 7.96M ENA as Lookonchain reports accumulation
Ethena (ENA)
Editor:
Eugene Serbin
Lookonchain.com reports that a crypto whale has acquired an additional 7.96 million ENA tokens. The purchase is valued at approximately $1.99 million. This follows a larger acquisition of 30 million ENA worth $8.3 million three days prior.
The whale address responsible for these transactions is identified as 0x9a80. The total accumulation over this short period represents a significant increase in holdings. The latest buy brings the total tracked volume to nearly $10.3 million.
This activity highlights continued interest from large holders in the Ethena ecosystem. The data suggests a strategy of consistent accumulation over the last few days. The specific address has been active in moving substantial sums into ENA. This pattern of buying indicates sustained confidence from major market participants.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 30 September 2026. Not the outlet's figures.
ENA is trading at $0.2484 with a 1-hour buy ratio of 47.0% and a 4-hour ratio of 42.6%. These short-term figures are lower than the 24-hour buy ratio of 43.7%, indicating that buying pressure is fading in the immediate term. The volume delta shows negative outflows of -$566,583 over the last hour and -$949,112 over four hours. This means that sell volume has exceeded buy volume in both the recent hour and the four-hour window. The 24-hour volume delta is -$5,385,992, confirming that sellers are currently dominating the flow. Only two hours in the last day have seen net buying, suggesting a predominantly selling environment.
The latest daily buy ratio of 50.0% sits at the 67th percentile of the last 323 days, against a median of 49.0% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ENA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.5%, making today's 43.7% reading 5.9 percentage points below the norm. Volume has dropped to 0.61 times the average, indicating significantly less activity than usual. The coin saw a 14.7% price increase over eight days, despite a total volume delta of -$12,681,860. Only three of the past seven days recorded net buying, which is a relatively low frequency of accumulation. This suggests that while the price rose, the underlying flow has been predominantly negative for most of the week.