According to recent data from LookIntoChain, six distinct wallet addresses have collectively transferred 95.36 million ENA tokens to Binance within the last 20 hours. This transaction volume equates to an estimated value of $28.4 million, highlighting significant on-chain activity for ENA. Notably, all tokens originated from the Ethena Proxy wallet, indicating a coordinated movement of assets. Such large-scale deposits into a major exchange like Binance often suggest strategic liquidity positioning or preparation for market operations. Market participants and analysts should monitor subsequent trading volumes and price fluctuations closely to gauge potential impacts on ENA’s market dynamics.
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