An Address Transferred Approximately 18.91 Million ENA to Binance

According to Shenchao TechFlow, on November 12, Ai Yi monitoring showed that an address deposited approximately 18.91 million ENA to Binance, worth about $2.7 million.

The address had previously received the related tokens from the Ethena Proxy contract. Ai Yi said the address appears to regularly transfer ENA to exchanges, possibly related to token unlocks for the team, institutions, or related parties.

Source: Shenchao TechFlow