On September 17, COINOTAG News cited on-chain analyst Yu Jin, reporting that a suspected institutional investor Maven 11 address withdrew 4.03 million ENA (≈$2.76M) from Binance one hour earlier. The analyst indicates this entity accumulated 30.08 million ENA (≈$20.63M) over the past two days, reflecting a measurable exchange outflow captured through on-chain transfer data.
Separately, a second ENA address, identified as possibly YZi Labs, transferred 5 million ENA (≈$3.4M) to Binance within the same hour and has moved approximately 54 million ENA (≈$37.8M) to the exchange in the last three weeks. Such concentrated exchange inflows are commonly monitored by market participants for liquidity and execution risk assessment based on verifiable on-chain records.