![Enjin [ENJ]: Whale accumulation overflows, but can it take off the blemish](https://i.headtopics.com/images/2022/9/30/cryptoamb/enjin-enj-whale-accumulation-overflows-but-can-it--enjin-enj-whale-accumulation-overflows-but-can-it--1575902090592935936.webp)
Enjin Coin [ENJ] has been able to grab the attention of Ethereum [ETH] whales considering the accumulation levels in the last few days. While there had been no significant development around the ERC-115 token, it seemed to have excelled in this regard. According to WhaleStats, token purchases from the top 100 ETH whales led ENJ […]
Following the increased activity, ENJ’s worth within the whale holding increased to $0.53. Thus, the total value of whale holdings increased to $13.30 million.Despite the accumulation, it did not seem like ENJ was ready to clean off the stain of a 5.84% seven-day decline. According to Santiment, network activity on the Enjin chain had notAlthough the one-day circulation increased from 2.39 million to 3.17 million, it was not noteworthy as compared to 17 September.
However, investors who may have expected some changes on the other side may have been let down. This was because the total transaction volume was $1.77 million at press time. As a result of these conditions, ENJ whale activity may not help in offering upticks.