2025-12-31 04:27:06

A series of large asset withdrawals recently have caused waves in the market. What do these actions actually reflect?

Specifically, the following assets have been significantly withdrawn:

ENA 4.84 million tokens (approximately $9,848,200)
PENDLE 2.74 million tokens (approximately $5,158,300)
LDO 4.4 million tokens (approximately $2,602,200)
ETHFI 3.58 million tokens (approximately $2,503,400)

The total scale of these four withdrawals approaches $20 million, enough to attract market attention.

**Where are the funds moving?**

Assets like ENA, PENDLE, LDO, and ETHFI are relatively small-cap ecosystem tokens, which tend to be more sensitive to liquidity extraction than major coins. Is this round of fund withdrawal a market participant adjusting their holdings, or preparing for new market opportunities?

**What does the change in liquidity mean?**

When large sums of money are withdrawn from specific assets, it often signals a shift in market hotspots or a change in risk appetite. Participants withdrawing these assets may be reassessing the market landscape or freeing up capital for other strategies. During periods of already tight market liquidity, such large movements can trigger price volatility.

**What’s next?**

The key question is when and in what form these funds will re-enter the market. Every flow of capital tells a story, and this story is far from over.

ENA-0.33%

PENDLE2.37%

LDO0.99%

ETHFI0.48%

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MindsetExpander

· 2h ago

20 million USD withdrawal from small-cap coins, in plain terms, is the preparatory move by the whales before shaking out or bottom-fishing. I've seen this routine too many times. --- Wait, where did these funds go? Is it a dump or a setup for the next narrative? --- Small market cap coins already have poor liquidity. This level of withdrawal is enough to crash the price, but on the other hand, it might be clearing out positions to push the price higher. --- We really need to see how they operate next; fund reflow is the key signal. --- Isn't this a classic case of capital rotation? Moving from small coins to hot sectors—an old trick. --- Speaking of which, since the funds are shifting, I'm more interested in where the next trend will be, rather than which coins are flowing out. --- Position structure adjustments? Or just a false signal before cutting the leeks? Anyway, small-cap coins are like this—big players move, and everything collapses. --- I feel this kind of analysis is a bit redundant; on-chain data never lies. The key is to watch what the big players do next.

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PessimisticOracle

· 2h ago

20 million USD just to scare us? Wake up, this is just whales moving their holdings around Another round of fund shifting, in simple terms, someone is liquidating to dump the market The current wave of escape by small-cap tokens is normal operation; let's see who takes over the bag Funds are looking for the next leek farm; the story never ends These people are withdrawing so quickly, indicating they have long been pessimistic about these ecosystems

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AirdropHunterZhang

· 2h ago

It's time to make big profits quietly. This round of large withdrawals clearly indicates someone is reshuffling. --- A $20 million withdrawal? I'll just watch quietly to see how they reinvest. --- Isn't this just creating space for new retail investors? Old tricks never change. --- Small tokens like ENA and PENDLE can easily pump with a move; where the funds are truly flowing still depends on on-chain data. --- The first step to breaking even is learning when to run. This move is quite interesting. --- Instead of guessing where the funds are going, better to watch for free airdrop opportunities—that's the real signal to go all-in. --- Large withdrawals = big players adjusting; as small investors, we're just waiting to see if Alpha appears. --- The electricity cost crowd, when they see such abnormal movements, will also ponder—could this be a signal before a rug pull?

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SilentObserver

· 2h ago

20 million USD just makes us nervous? These guys should have run long ago, it was obvious these small coins were going to fail. It sounds like a story, but which trader isn't messing around like this? It's just switching aliases to pump new coins. I just want to know which track this capital finally flows into. Betting again will definitely be on AI or some new concept. LDO and ENA being pumped simultaneously is indeed interesting... Could it be a re-bet on a major project? To put it simply, capital is looking for an exit. It's nothing major; the market always cycles through this routine.

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FrogInTheWell

· 2h ago

20 million USD pulled out overnight with a snap decision. These people are either onto something good or are scared stiff. I bet it's mostly the former.

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