Large entities are back in profit.
Small wallets stayed in profit the whole time: at the June low, bitcoin:native held well above their $48K cost basis while sharks and whales slipped underwater.
In the 2022 bear market, price fell below every group's cost basis.
Some entity just put $2M on the line for 3x Semis ETF to surge 200% from current prices
The same trend which ignited post-tariff market rally
$SMH $SOXL
Two entities.
- ENS Labs Ltd: Singapore company limited by guarantee, core development, holds the ENS trademarks (SG 40201821218Y, EU 019141121).
- ENS Foundation: Cayman exempted foundation company.
Tokenholders form the Council and can wind up the Foundation by notice.