$ENA
Just recently, monitoring has detected that a multi-signature wallet related to the Ethena project has transferred 17 million ENA tokens, worth approximately 5.68 million USD, to three exchanges: Binance, Gate, and Bybit through Flowdesk.
On-chain information shows that these tokens were released from the ethena_labs smart contract three days ago and may be part of the 171.88 million ENA planned for unlocking today. This unlocking amount accounts for 2.82% of the circulating supply, with a total value of about 54.56 million USD.
With such a large amount of tokens transferred to exchanges, how will the price of ENA move next? Will there be significant volatility? We will continue to monitor closely!
