Wu said that, according to @EmberCN monitoring, in the past 12 hours, 5 institutional investor addresses of Ethena have transferred approximately 40.217 million ENA to exchanges, equivalent to about 29.8 million USD. Among them, Strobe Ventures transferred 7 million ENA to Binance and redeemed 5.087 million USDC (average transaction price approximately $0.726); Amber Group transferred 6.39 million ENA to Binance; an address starting with 0xAb4 transferred 6.145 million ENA to Bybit; an address ending with 0x6e6 transferred 15 million ENA to Bybit.