Whale Moves 5 Million ENA ($2.84M) to Binance After 22.28M Transfer from Ethena Multisig — Possible Sell-Off

On-chain analyst Ai Auntie reported that a whale address beginning with 0x325 transferred approximately 5 million ENA tokens to Binance roughly five hours ago, representing an on-chain exchange inflow valued at about $2.84 million at the time of the transaction.

Blockchain records show this same address received a prior transfer of 22.28 million ENA from the Ethena multisig six days earlier — a movement recorded at an estimated $12.98 million — and subsequently routed tokens into the exchange in two separate transactions, consistent with standard large-wallet settlement activity.

Historical on-chain interactions link the address to exchanges with Kain Warwick two years ago, although identity attribution remains unconfirmed; market participants should treat the chain data as factual transfer information without inferring ownership.