The project team #ethena is Bullish about the price of $ENA in the near future?
After nearly 5 months of inactivity, 6 hours ago this wallet address withdrew 2,500,000 ENA with a total value of 876k USD from protocol #liquifi and took it for long-term Staking.
About Liquifi, this is a DeFi protocol focused on liquidity bootstrapping and vesting token management for crypto projects.
Looking back at the Vesting Token of the Ethena project on April 2, 2024. This is also the time when this wallet address first received Tokens from the Liquifi protocol -> confirm this wallet belongs to one of the 2 labels that were Vesting at that time: Ecosystem Incentives or Foundation.
With the receipt of ENA from Vesting then depositing back into Ethena to #staking shows that they are very #bullish about the potential price increase of ENA in the future