An on-chain detective reported that a new address opened a $4,910,000 Ethena position with a proposed price of $0.
On September 29, BlockBeats reported that on-chain analyst Ai Yi (@ai_9684xtpa) monitored a new address, 0xc64…fC770, which opened a USD 4.91 million ENA position of 18.84 million ENA at a reported price of USD 0.2607. HTX market data cited in the report showed ENA had risen 56% over the past month.
What the on-chain record shows
The disclosed position combines three verifiable details: a public address, a token quantity, and a price reference. Because the address is described as new, the report does not identify its controller beyond the public address. The USD 4.91 million value and the 18.84 million ENA amount provide the scale, while USD 0.2607 anchors the position to a specific reported price.
Why the price context matters
The 56% figure is a recent market performance point taken from HTX data. For readers, it shows the position was reported during a period of notable monthly movement and gives a dated reference point for the token’s public price action. The report provides the position details without adding a future price outlook.
What readers can take away
The report is a snapshot: a new address moved a large ENA amount, and a known market data source showed a 56% rise over the past month. The useful information is the date, the address, the size, the reported price, and the source of the price change.
Risk Warning
This article is only a summary of publicly reported on-chain and market information and does not constitute investment advice. Crypto assets such as ENA can experience sharp price swings, and large positions may increase liquidity, leverage, or liquidation risks. Readers should independently verify data, understand market conditions, and make rational decisions based on their own risk tolerance. Never allocate funds you cannot afford to lose.
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