A wallet suspected to be linked to the Ethena team transferred 170 million ENA, valued at about $14.09 million, to FalconX roughly one hour before the report, according to on-chain tracker Onchain Lens. The move may indicate an over-the-counter sale, a type of off-exchange transaction often used for large blocks to limit market impact. Onchain Lens added that the same wallet had previously received ENA from Ethena's Gnosis Safe last year, a detail that underpins the suspected link to the team.