Ethereum Name Service (ENS), for which Ethereum (ETH) founder Vitalik Buterin spoke highly, experienced a major rise as the possibility of approval of spot Ethereum ETFs increased.
Accordingly, profit sales have started in ENS, which has increased by up to 50% in the last two days.
Brantly Millegan, a former ENS core team member known for selling at peaks, sold ENS.
According to Spot on Chain's post, Brantly Millegan deposited 92,535 ENS worth $1.98 million to Coinbase at an average price of $21.34.
According to the data, the former ENS member has taken advantage of the large price increases since January and sold ENS worth $6.53 million in total.
Brantly Millegan still holds 373 thousand ENS worth approximately $7.97 million.
ENS price continues to be traded at $ 20.96 at the time of writing.
Former #ENS Operations Director Brantly Millegan (@BrantlyMillegan) just deposited 92,535 $ENS ($1.98M) to #Coinbase at $21.34.
Since this Jan, he has deposited 291,305 $ENS ($6.53M) to Coinbase, all during dramatic price surges.
Brantly Millegan still holds around 373K $ENS… https://t.co/JFnks97s6p pic.twitter.com/xficE9pNXN
— Spot On Chain (@spotonchain) May 22, 2024
*Not investment advice
