A wallet associated with Nick Johnson, the lead developer of Ethereum Name Service (ENS), deposited 200,000 ENS on the Binance exchange on November 28, as reported by on-chain analytics platform Lookonchain.
A wallet related to @nicksdjohnson deposited $200,000 ($1.71 million) into #Binance again 10 hours ago.
The wallet also deposited 200,000 $ENS ($1.71 million) into #Binance on November 20.
The wallet currently holds 1,534,696 $ENS ($13.15 million) and is the sixth largest holder of $ENS.https://t.co/V1jGPgUdUc pic.twitter.com/y3xsPKMhzU
– Lookonchain (@lookonchain) November 29, 2023
Lookonchain shared a post on The analysis channel noted that this transaction is not Johnson’s first to Binance.
The wallet executed a similar transaction on November 20, depositing the same amount in two separate transactions. An initial 1 ENS was sent to Binance, followed by an additional 199,999 ENS.
Additionally, Lookonchain revealed that Johnson’s wallet currently contains 1,534,696 ENS, equivalent to $13.5 million. Additionally, Johnson was identified as the sixth largest holder of ENS.
ENS is currently changing hands at $8.56, reflecting an increase of 4.48% in the last 24 hours. The weekly chart of the token indicates an increase of 5.83% and over the past month, the token saw a gain of 12.05%, according to CoinMarketCap.
On the same day, Lookonchain reported another significant deposit to Binance, with one whale or institution depositing 500,000 LDO. The analytics platform highlighted that this is not the whale’s first deposit, and the amount deposited was valued at $1.17 million at the time of writing.
Despite continued regulatory pressures and the resignation of former Binance CEO Changpeng Zhao, recent reports claim that the exchange remains the largest crypto exchange on the market.
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