70,599 ENS tokens worth $2.92M transferred to Coinbase amid 76% surge

On-chain analyst ai_9684xtpa reported on X that 70,599 ENS tokens, valued at $2.92 million, were transferred from a time-locked contract to Coinbase Exchange, likely for sale. Driven by Ethereum's rally and an altcoin market surge, ENS has soared 76% in the past week.