Onchain Lens says the Ethereum Name Service token time-lock wallet transferred ENS tokens worth about $9.32 million to the crypto exchange Binance roughly three hours earlier.
A wallet linked to the Ethereum Name Service team transferred 1.46 million ENS tokens, valued at about $9.32 million, to Binance, according to blockchain tracker Onchain Lens. The sending address was identified as a token time-lock wallet, suggesting the assets were previously subject to a scheduled release mechanism. Transfers from team-linked wallets to centralized exchanges can draw market attention because they may increase the immediately tradable token supply, although the transaction alone does not confirm a sale.