PANews reported on October 1st that according to monitoring by on-chain analyst @ai_9684xtpa, the address 0x325...55E50 recharged 5 million ENA to the Binance exchange about five hours ago, worth approximately US$2.84 million.

Data shows that this address received 22.28 million ENA from an Ethena multi-sig address six days ago and has deposited the tokens into an exchange twice, possibly with the intention of selling them. It is worth noting that this address had frequent interactions with Synthetix founder Kain Warwick two years ago, but its specific ownership cannot be confirmed at this time.