$ENA 170 Million ENA ($23.7 million) Transferred from FalconX to an Unidentified Wallet
169,999,891 ENA (approximately $23.7 million) has just been transferred from FalconX to an unidentified wallet. Data suggests this address is linked to Ethena.
🔸 This move follows a transaction on August 18, where a wallet associated with the Ethena team deposited 170 million ENA into FalconX likely an OTC trade or an internal fund transfer.
🔸 The volume of tokens matches the amount previously deposited into FalconX, indicating this could be a matched trade.
👉 The transfer of tokens from FalconX back to an Ethena linked wallet suggests that the OTC transaction may have been completed. This alleviates concerns regarding open market selling pressure. However, it remains necessary to monitor whether these tokens move again.
💬 Do you think this is a completed OTC trade, or are there further developments to come?
News is for reference, not investment advice. Please read carefully before making a decision.
169,999,891 ENA (approximately $23.7 million) has just been transferred from FalconX to an unidentified wallet. Data suggests this address is linked to Ethena.
🔸 This move follows a transaction on August 18, where a wallet associated with the Ethena team deposited 170 million ENA into FalconX likely an OTC trade or an internal fund transfer.
🔸 The volume of tokens matches the amount previously deposited into FalconX, indicating this could be a matched trade.
👉 The transfer of tokens from FalconX back to an Ethena linked wallet suggests that the OTC transaction may have been completed. This alleviates concerns regarding open market selling pressure. However, it remains necessary to monitor whether these tokens move again.
💬 Do you think this is a completed OTC trade, or are there further developments to come?
News is for reference, not investment advice. Please read carefully before making a decision.