Multicoin Capital: Deposits 56M ENA to Galaxy Digital
Multicoin Capital moves 56.116M ENA worth $5.28M to Galaxy Digital and BitGo, with ENA price at $0.09 amid bearish EMA structure.
SourceAnalysis
Multicoin Capital transferred 56.116M ENA valued at $5.28M into Galaxy Digital and BitGo from address 0xD4d56a30a4a745f8Ba732E8B453b7066260fBC10.
Price action on the 4h chart shows ENA trading inside Bollinger Bands with upper resistance at $0.12 and lower support at $0.08 while EMA50 and EMA200 both sit at $0.1, confirming long-term resistance overhead. Momentum remains neutral at RSI 47.07 yet the MACD death cross signals sustained bearish pressure, pointing to a probable retracement toward the $0.08 band before any upside attempt. Traders tracking ENA price prediction now weigh this custody flow against broader crypto market crash risks and potential AI industry impact on token demand.
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