Another $2.7M ENA Deposit Hits Binance… Is More Selling Coming?
$ENA holders might want to keep an eye on this wallet.
Address 0xf5Cd25485BC65A8eC5c65887CE46E806eBe7a191 moved 18.91 million #ENA , worth around $2.7 million, into Binance roughly five hours ago. A possible sell signal? Well, that's still unclear, but the timing is interesting.
Digging into its history, the wallet received these tokens from the Ethena Proxy contract back on February 11, 2026, when ENA was trading around $0.1772. Since then, the price has slipped to approximately $0.1432, marking a decline of more than 19%.
There's another detail worth watching. This address has been moving #ena to exchanges periodically, which could potentially be connected to token unlocks or distributions involving team members, institutions and related parties.
For now, it's a sizeable exchange deposit, but whether an actual sale follows remains to be seen.
$ENA holders might want to keep an eye on this wallet.
Address 0xf5Cd25485BC65A8eC5c65887CE46E806eBe7a191 moved 18.91 million #ENA , worth around $2.7 million, into Binance roughly five hours ago. A possible sell signal? Well, that's still unclear, but the timing is interesting.
Digging into its history, the wallet received these tokens from the Ethena Proxy contract back on February 11, 2026, when ENA was trading around $0.1772. Since then, the price has slipped to approximately $0.1432, marking a decline of more than 19%.
There's another detail worth watching. This address has been moving #ena to exchanges periodically, which could potentially be connected to token unlocks or distributions involving team members, institutions and related parties.
For now, it's a sizeable exchange deposit, but whether an actual sale follows remains to be seen.
