Ethena Labs, the company behind the USDe stablecoin, has deposited a significant amount of its native ENA token to Binance. According to Spot On Chain, an address linked to either a large investor or Ethena Labs itself transferred 13.94 million ENA, valued at roughly $4.66 million, to the cryptocurrency exchange approximately 5 hours ago. This ENA appears to have been unlocked from an Ethena Labs contract address three days prior to the transfer. While the exact reason for this transfer remains unclear, such movements often trigger speculation about potential market activities, including selling pressure or strategic positioning. Investors are closely watching Ethena Labs' actions and the potential impact on the ENA token's price. Further investigation is needed to fully understand the motivations behind this substantial transfer to Binance. ```