The Ethena team's associated address recently deposited 150 million ENA to a CEX, worth $77.35 million.
BlockBeats News, July 26th. According to @EmberCN monitoring, on July 21st, after Ethena announced that StablecoinX would have ENA as a reserve, an address associated with an Ethena team member started transferring out ENA.
A total of 150 million ENA (77.35 million USD) has entered Binance and Bybit in the 5 days since the announcement. The most recent transfer to a trading platform occurred 2 hours ago.
You may also like
Crypto and AI: the hidden digital gray market of Xianyu
Crypto and AI: You Can Buy Anything on Xianyu.

Predicting Contrarian Buy Pressure in the Market: Who is Taking the Other Side of Your Trade?

Coin Ownership or Equity Ownership? The Real Question Is Being Asked Wrong

The US has had a president impeached twice, and Trump's platform says it's not an "insurrection."
A “sexy casino,” where real-estate speculation has moved online.
Using Polymarket to predict U.S. home prices feels eerily reminiscent of the 2008 subprime mortgage crisis.

Stop obsessing over Alpha, the Beta the market gives you is more important

IOSG: The Game of No Winner, How Can the Shitcoin Market Break the Deadlock?

After the Profit Taking Frenzy, Crypto Market Makers Dive into the "Deep End"

Ethena Price Forecast: ENA Expected to Decline to $0.192294 by January 11, 2026
Key Takeaways Ethena’s current price is $0.249202, with predictions suggesting a decline to $0.192294 by January 11, 2026.…

Tether, which has "enriched" itself through stablecoins, is now heavily investing in AI

If you are long on oil, Maduro's arrest is not good news

India, the Outsourcing Hub of the Crypto World

Court Sentences Criminal in Virtual Currency Fraud Case with Major Global Implications
Key Takeaways A landmark case in Beijing reveals a significant cross-border telecom and internet fraud scheme involving virtual…

Is a Stablecoin Considered Cash? Accounting Standards for Stablecoins May Be Adjusted Post-Genius Bill

Rep. Torres Targets Insider Trading on Prediction Markets Following Profitable Maduro Bet
Key Takeaways A substantial Polymarket wager concerning Maduro’s capture has led Rep. Ritchie Torres to propose new legislation…

Crypto Billionaires Threaten to Leave California Over New Tax: Bluff or Reality?
Key Takeaways A proposed 5% assets tax on individuals with wealth exceeding $1 billion in California has led…

They missed out on $2 million because Maduro wasn't going to be home for the holidays
From Wuhan to Silicon Valley, Manus did it in just nine months.
You may call it a “wrapper,” but it wrapped its way all the way to Meta.
Crypto and AI: the hidden digital gray market of Xianyu
Crypto and AI: You Can Buy Anything on Xianyu.
Predicting Contrarian Buy Pressure in the Market: Who is Taking the Other Side of Your Trade?
Coin Ownership or Equity Ownership? The Real Question Is Being Asked Wrong
The US has had a president impeached twice, and Trump's platform says it's not an "insurrection."
A “sexy casino,” where real-estate speculation has moved online.
Using Polymarket to predict U.S. home prices feels eerily reminiscent of the 2008 subprime mortgage crisis.