Whale Dumps 18M ENA – Could this mean $CHOW and SHIB will pump?
A giant whale just took one of the biggest cryptocurrency moves of the quarter, stand out and transferred 18 million Essena tokens to binary. The deal is worth about $8.78 million, sparking speculation about the potential sell-off and its impact on ENA prices. With the market’s reaction, investors are now paying attention to such as shiba inu (Shib) and Chowwow($ chow) Their next big move.
This whale activity often shakes investor confidence, but also creates opportunities. As ENA dropped more than 10% in just 24 hours, traders will shift their focus to high-potential altcoins with strong community support and high growth potential. Can the catalyst send Shib and $Chow soar in the next few weeks?
ethena (ena) whale move starts to start bearish sentiment
Ethena is at the mercy of market volatility and has recently fallen by 10%. This sharp drop occurred when an unfixed whale and transferred 17.875 million ENA (more than $8.78 million) of whales to second-hand. The move has increased bearish sentiment and has attracted attention to the possibility of more declines as ENA has struggled to secure strong buy support.
The data on the chain show that the whale in question (identified as wallet 0x8F9) accumulates ENA at an average price of $1.167, mainly during the peak price. If the whale decides to exit the current level completely, a huge loss will be locked. The financing rate of ENA also turned negative, indicating that futures traders tended to be bearish and expected further bear prices. There is no surge in demand for a large number of tokens to flow to binary, with Altcoin’s risk slipping below $0.41 and at the worst case scenario of $0.31.
Shiba Inu (Shib) holders expect price bullish soon
Shiba Inu has been unsettling in market performance, with huge gains and losses in recent weeks. Although its price has risen 3.17% Over the past week, the 23.18% drop last month showed signs of instability. Still, Shib is one of the best crypto coins to buy for a long time, thanks to a 68.03% increase in the past year. With a market cap of up to $9.67 billion, Shib remains a demand meme coin.
The whale activity around Shib adds a positive market view, with the recent transfer of 290.4 billion tokens (about $4.8 million) of two-value signal tickets. While this suggests an increasing interest among high-net-worth investors, trading volumes have fallen by 35%, meaning there may be market fatigue. Reduced whale activity could mean Shib entered the merger phase before the next big price move. Investors are now watching closely to see if Shib can resume bullish momentum or whether further sell-offs can curb its price.
Chowwow ($chow) enjoys great interest as one of the high potential altcoins
Although Ethena faces a whale-induced sell-off, Chowwow has taken advantage of the bullish momentum that has left investors in its ongoing pre-sales. This Solana-based Meme coin proves that the market also involves the right opportunity. Since its pre-sale token priced at just $0.008, early buyers secured the position before the expected post-emergence. The markup of the project is built around points rewards, games and repos, and it creates a model designed for long-term growth rather than short-term dumps.
Chowwow uses to re-modify meme coin hype by adding real utility that has been attracting traders and long-term holders. Its game to the Irving game ecosystem, The Kingdom of Huvo, is an engagement magnet, and at the same time the existing mechanism rewards investors with tokens. Unlike Ethena, which deals with whale-induced volatility, Chowwow’s approach reduces the risk of sudden selling. With supply and planned token burning, scarcity effects can increase demand and value, making it one of the high-potential altcoins to be purchased before communicating.
As whales sell-off shakes other sectors of the market, Zhou Wa’s strong pre-sale demand exposed a different trend: accumulated liquidation. Investors looking for alternatives to risky tokens find $Chow’s growth model impressive, making it the best crypto coin to buy now. If demand continues at the current rate, supply tightening could drive prices well beyond expectations.
in conclusion
If the whales continue to pour, tokens like ENA may stay under pressure for a while, but that doesn’t mean the market is slowing down. Investors are already heading towards meme coins like Shib and $chow, looking for the next chance to explode. Although Shib remains a strong contender, the growing approach and demand for its pre-sale tokens could make it a real winner in the coming weeks.
