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The latest Crypto News reveals that a multi‑signature wallet linked to Ethena founder Guy Young has garnered a substantial influx of ENA tokens, accruing 48 million units over the past 72 hours.
Tracking by Onchain Lens indicates that the accumulation was sourced primarily from leading exchanges, namely Binance and Bybit, culminating in a market value of approximately US$20.41 million, a significant uptick for a single wallet address.
Analysts note that such a concentration of ENACryptocurrency signals heightened confidence in Ethena’s project roadmap and could catalyze further institutional allocations, potentially driving upward momentum in the Ethereum ecosystem and bolstering market liquidity.
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