ENS Developer Nick Johnson Moves $1.71M Worth of ENS to Binance

• ENS developer Nick Johnson deposited 200,000 ENS to Binance.
• The deposited amount was valued at $1.71 million at press time.
• Johnson holds 1,534,696 ENS and is the sixth-largest holder of ENS.

A wallet associated with Nick Johnson, the lead developer of Ethereum Name Service (ENS), deposited 200,000 ENS to the Binance exchange on November 28, as reported by the on-chain analysis platform, Lookonchain.

Lookonchain shared a post on X (formerly Twitter), revealing that Johnson deposited 200,000 ENS, valued at $1.71 million at press time, to Binance. The analysis channel noted that this transaction is not the first from Johnson to Binance.

The wallet executed a similar transaction on November 20, depositing the same amount in two separate transactions. An initial 1 ENS was sent to Binance, followed by an additional 199,999 ENS.

Additionally, Lookonchain revealed that Johnson’s wallet currently holds 1,534,696 ENS, equivalent to $13.5 million. Moreover, Johnson was identified as the sixth-largest holder of ENS.

Currently, ENS is changing hands at $8.56, reflecting a 4.48% increase in the past 24 hours. The weekly chart for the token indicates a 5.83% increase, and over the past month, the token has experienced a gain of 12.05%, according to CoinMarketCap.

On the same day, Lookonchain reported another significant deposit to Binance, with a whale or institution depositing 500,000 LDO. The analytics platform highlighted that this isn’t the first deposit from the whale, and the deposited amount was valued at $1.17 million at the time of writing.

Despite ongoing regulatory pressures and the resignation of Binance’s former CEO, Changpeng Zhao, recent reports affirm that the exchange remains the largest crypto exchange in the market.