Initially worth $69.74 million, 102 million ENA moved to an exchange
An address (0x3C71…) received approximately 142.92 million $ENA from an Ethena-related address on July 20, 2024, Beijing time. Based on Binance’s spot closing price of $0.488 that minute, the tokens were worth roughly $69.74 million.
Over the past two days, the address transferred the remaining approximately 101.95 million ENA to another exchange in four transactions. At 4:05 on November 10, Beijing time, it first transferred approximately 1.9514 million tokens, then transferred 50 million at 5:09. At 2:16 on November 11, it transferred 11 million, followed by another 39 million at 21:13. Based on Binance’s spot closing price in the minute of each transfer, the total value was approximately $15.619 million.
After the transfers, only about 0.0048 ENA remained in the wallet—essentially all of it was gone. Binance ENA perpetuals are currently trading at around $0.1435, down approximately 5.82% over the past 24 hours, with about $160 million in trading volume.
The tokens were acquired in July 2024 at $0.488 each; when they were transferred this time, the price was around $0.15. The tokens have reached an exchange, but whether they were sold at that price cannot be determined on-chain.
Beginners are advised to watch more and trade less. If you buy crypto, buy only $BTC
An address (0x3C71…) received approximately 142.92 million $ENA from an Ethena-related address on July 20, 2024, Beijing time. Based on Binance’s spot closing price of $0.488 that minute, the tokens were worth roughly $69.74 million.
Over the past two days, the address transferred the remaining approximately 101.95 million ENA to another exchange in four transactions. At 4:05 on November 10, Beijing time, it first transferred approximately 1.9514 million tokens, then transferred 50 million at 5:09. At 2:16 on November 11, it transferred 11 million, followed by another 39 million at 21:13. Based on Binance’s spot closing price in the minute of each transfer, the total value was approximately $15.619 million.
After the transfers, only about 0.0048 ENA remained in the wallet—essentially all of it was gone. Binance ENA perpetuals are currently trading at around $0.1435, down approximately 5.82% over the past 24 hours, with about $160 million in trading volume.
The tokens were acquired in July 2024 at $0.488 each; when they were transferred this time, the price was around $0.15. The tokens have reached an exchange, but whether they were sold at that price cannot be determined on-chain.
Beginners are advised to watch more and trade less. If you buy crypto, buy only $BTC
