PANews reported on July 26 that according to monitoring by on-chain analyst Yu Jin, after Ethena released the announcement on July 21 that StablecoinX would make ENA reserves, an Ethena project-related address began to transfer out ENA. A total of 150 million ENA (worth $77.35 million) entered Binance and Bybit in the five days since the announcement, and the most recent transfer to the exchange was two hours ago.