Two more Ethena-Linked wallets are moving
$ENA to exchanges.
These two addresses apparently associated with the Ethena project are now suspected of taking profits, after collectively moving around $6.75M worth of ENA to exchanges since September 3.
The latest move is pretty interesting: the two wallets deposited a combined 19M ENA, worth roughly $3.29M, to Bybit over the past 15 hours. Both addresses reportedly received their
#ENA from an
#ethena multisig wallet around two years ago, then stayed completely inactive during that period.
Now, after ENA’s recent sharp price surge, they’ve suddenly started sending tokens to exchanges in batches. That timing definitely stands out.
PLEASE NOTE: Exchange deposits don’t automatically mean an immediate sell, but with the long dormancy and sudden transfers after the price run-up, these wallets are definitely worth watching.
Addresses:
0x969f63030c8aBDf3D88092EC3818A3A09AB16aF5
0x2993e525AbE9116D62Be3c06E71d9EDfd3507383