According to COINOTAG and on-chain monitoring by @EmberCN, Aave founder Stani.eth transferred 4 million ENA tokens — approximately $2.38 million at reported valuations — to institutional counterparty Galaxy Digital.
Blockchain records show the moved tokens originated from a vested allocation associated with Ethena, indicating they were released from the project’s vesting wallet as part of an investor distribution.
Observers should treat this as a verified token movement to an institutional platform; any broader market implications require confirmation through subsequent on-chain activity or official disclosures and can be tracked via standard on-chain monitoring tools.