Ethena Multi-Signature Wallet Moves ENA to Binance
Ethena multi-signature wallet transfers over 38M ENA to Binance, raising questions about potential market impact.
- Multiple Ethena wallet addresses moved ENA to Binance.
- Over 38 million ENA transferred from a multi-signature wallet.
- Speculation arises about potential sell-off or strategic reallocation.
Ethena Wallet Transfers Large ENA Holdings to Binance
Today, multiple addresses linked to Ethena’s multi-signature wallet (0x68…A67F) executed significant transfers of ENA tokens to Binance. These transactions have sparked speculation about their purpose and potential impact on the market.
Breakdown of Major ENA Transfers
The following key transactions were recorded:
- Address 0x7e…c4F8 transferred 8.5 million ENA to Binance.
- Address 0x44…CfE2 moved 17 million ENA to Binance.
- Address 0xab…c1b3 transferred 12.865 million ENA to Binance.
These transfers collectively amount to over 38 million ENA tokens, raising concerns about a possible sell-off or redistribution.
Today, multiple addresses from Ethena multi-signature (0x68…A67F) transferred ENA to CEX, including address: 0x7e…c4F8 transferred 8.5 million ENA to Binance; address: 0x44…CfE2 transferred 17 million ENA to Binance; address: 0xab…c1b3 transferred 12.865 million ENA to…
— Wu Blockchain (@WuBlockchain) March 5, 2025
Market Speculation and Potential Impact
Large token movements to centralized exchanges often indicate upcoming market activity, whether selling pressure or strategic reallocation. Investors are closely monitoring these transactions to assess their implications on ENA’s price and liquidity.
