PANews reported on March 5 that according to Spot On Chain monitoring, two wallets associated with Ethena Labs deposited 29.87 million ENA (US$11.52 million) into Binance at a price of approximately US$0.386 in the past hour.

It is worth noting that both wallets received ENA from Ethena Labs’ multi-signature wallet on July 20, 2024, at a price of $0.487. Currently, one of the wallets still holds 53.6 million ENA (worth $20.2 million).

Update : Lookonchain monitored three wallet addresses and said that in the past hour, three wallets related to the Ethena team deposited 38.36 million ENA (about 14.4 million US dollars) into Binance.