A massive whale just made what could be one of the biggest crypto moves this quarter, unstaking and moving 18 million Ethena (ENA) tokens to Binance. The transaction, worth roughly $8.78 million, has stirred speculation about a potential sell-off and its impact on ENA’s price. As the market reacts, investors are now eyeing meme coins like Shiba Inu (SHIB) and ChowWow ($CHOW) for their next big move.
This kind of whale activity often shakes investor confidence, but it also creates opportunities. With ENA dropping over 10% in just 24 hours, traders are shifting focus to high-potential altcoins with strong community backing and high growth potential. Could this catalyst send SHIB and $CHOW soaring in the coming weeks?
Ethena (ENA) Whale Move Kick-starts Bearish Sentiment
Ethena has been at the mercy of market volatility, and saw a significant 10% drop recently. This sharp decline came after a whale unstaked and transferred 17.875 million ENA—worth over $8.78 million—to Binance. With ENA already struggling to fìnd strong buy-side support, this move has increased bearish sentiment and fueled concerns that more declines are possible.
On-chain data shows that the whale in question, identifìed as wallet 0x8f9, had accumulated ENA at an average price of $1.167, mostly during price peaks. If the whale decides to fully exit at current levels, it would lock in a massive loss. ENA’s funding rate has also turned negative, suggesting that futures traders are leaning bearish and expecting further bear prices. Without a surge in demand to counter this massive inflow of tokens onto Binance, the altcoin risks slipping below $0.41, with a worst-case scenario at $0.31.
Shiba Inu (SHIB) Holders Expect Bullish Prices Soon
Shiba Inu has had its share of troubling market performance, experiencing a mix of gains and losses in recent weeks. While its price has climbed 3.17% over the past week, its 23.18% drop over the last month shows signs of instability. Despite this, SHIB remains one of the best crypto coins to buy for the long term, thanks to a 68.03% increase over the past year. With a market capitalization of up to $9.67 billion, SHIB remains an in-demand meme coin.
Whale activity around SHIB has added to positive market views, with a recent movement of 290.4 billion tokens—valued at around $4.8 million—out of Binance. While this suggests growing interest from high-net-worth investors, transaction volumes have dropped by 35%, which means there’s possible market fatigue. The reduced whale activity could mean that SHIB is entering a consolidation phase before its next big price move. Investors are now watching closely to see whether SHIB can regain bullish momentum or if further sell-offs could suppress its price.
ChowWow ($CHOW) Enjoys Massive Interest As One Of The High-Potential Altcoins
While Ethena faces a whale-induced sell-off, ChowWow is capitalizing on a wave of bullish momentum that has investors trooping into its ongoing presale. This Solana-based meme coin proves that the market is also about timing the right opportunities. With its presale tokens available at just $0.008, early buyers are securing positions before an anticipated post-listing surge. The project’s tokenomics, built around staking rewards, gaming, and buybacks, create a model designed for long-term growth rather than short-term dumps.
ChowWow is redefìning meme coin hype by adding real utility that has been pulling traders and long-term holders. Its play-to-earn gaming ecosystem, the ChowWow Kingdom, is an engagement magnet while staking mechanisms reward investors for holding their tokens. Unlike Ethena, which deals with whale-induced volatility, ChowWow’s approach reduces the risks of sudden sell-offs. By having a fìxed supply and planned token burns, the scarcity effect could boost demand and value, making it one of the high-potential altcoins to buy before it hits exchanges.
As whale sell-offs shake up other sectors of the market, ChowWow’s strong presale demand exposes a different trend: accumulation over liquidation. Investors seeking alternatives to volatile tokens find $CHOW’s growth model is impressive, making it the best crypto coins to buy now. If demand continues at its current pace, a supply squeeze could push the price well beyond expectations.
Conclusion
If whales keep dumping, tokens like ENA could stay under pressure for a while, but that doesn’t mean the market is slowing down. Investors are already moving towards meme coins like SHIB and $CHOW, looking for the next explosive opportunity. While SHIB remains a strong contender, ChowWow’s approach and growing demand for its presale tokens could make it the real winner in the coming weeks.
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