$ENA 103M Token Foundation/Investor Wallet Dumps on Kraken at $0.14.
This isn't a secondary market trader. Exactly 2 years ago, this wallet received 103,834,000 $ENA ($50.57M) directly from the official Ethena: Gnosis Safe multisig.
1 Year Ago: Moved 12.5M $ENA to Anchorage Digital Custody.
3 Weeks Ago: Split 43.26M $ENA to alternate cold vaults.
This Week: Began feeding Kraken order books in structured tranches (2.89M $ENA / ~$393K offloaded over the last 6 days, including 1M tokens 5 hours ago).
An early allocation worth over $145M+ at ATH is now being systematically liquidated into CEX spot order books at $0.14 (down -71% from its original $50.5M issuance value).
With 37,000,000 $ENA ($5.33M) still sitting in this specific wallet, expect continuous sell pressure on local pumps.$ena
This isn't a secondary market trader. Exactly 2 years ago, this wallet received 103,834,000 $ENA ($50.57M) directly from the official Ethena: Gnosis Safe multisig.
1 Year Ago: Moved 12.5M $ENA to Anchorage Digital Custody.
3 Weeks Ago: Split 43.26M $ENA to alternate cold vaults.
This Week: Began feeding Kraken order books in structured tranches (2.89M $ENA / ~$393K offloaded over the last 6 days, including 1M tokens 5 hours ago).
An early allocation worth over $145M+ at ATH is now being systematically liquidated into CEX spot order books at $0.14 (down -71% from its original $50.5M issuance value).
With 37,000,000 $ENA ($5.33M) still sitting in this specific wallet, expect continuous sell pressure on local pumps.$ena
