Blockchain Capital Realizes $8.2M Profit Selling ENS Tokens

An address suspected to be associated with Blockchain Capital has been actively selling ENS tokens over the past three months. According to on-chain analyst Yujin Monitoring, the institution accumulated ENS tokens at a low point, specifically 1,306,000 ENS tokens worth $16.23 million, purchased from Binance in 2023 through four addresses at an average price of $12.4 per token.

Following the surge in ENS prices, which broke through $40 by the end of 2024, the institution began to gradually transfer out their holdings. Over the last three months, they sold 766,000 ENS tokens worth $17.71 million at an average price of $23.1 per token, realizing a profit of $8.2 million. These ENS tokens were transferred to various exchanges, including OKX, Bybit, and Gate, through the address 0xC4D...611.

Currently, the institution still holds 540,000 ENS tokens worth $8.85 million. This strategic selling and holding pattern suggests a well-timed investment and exit strategy, capitalizing on the price fluctuations of ENS tokens. The institution's actions highlight the potential for significant profits in the volatile cryptocurrency market, particularly for those who can accurately predict and act on market trends.