PANews reported on August 10th that according to on-chain analyst Ember’s monitoring, since last night, five Ethena institutional investor addresses have transferred a total of 40.217 million ENA (US$29.8 million) to exchanges:

• Strobe Ventures transferred 7 million ENA to Binance 12 hours ago and withdrew 5.087 million USDC 4 hours later, selling it for $0.726.
• Amber Group transferred 6.39 million ENA ($4.84 million) to Binance 4 hours ago;
• 0xAb4...18A address transferred 6.145 million ENA ($4.55 million) to Bybit 11 hours ago;
• The address 0x6e6...922 transferred 15 million ENA ($11.05 million) to Bybit 1 hour ago;
• The address 0x969...aF5 transferred 5.682 million ENA ($4.27 million) to Bybit 5 hours ago.