BlockBeats reported on August 10 that five institutional Ethena addresses transferred a combined 40.217 million ENA tokens, highlighting a broad institutional movement in the market.
On August 10, BlockBeats reported that five Ethena institutional investor addresses moved a total of 40.217 million ENA tokens (approximately $29.8 million) to trading platforms. Strobe Ventures transferred 7 million ENA tokens to Binance and later exchanged them for 5.087 million USDC at $0.726 per token. Amber Group, along with three other addresses (0xAb4...18A, 0x6e6...922, 0x969...aF5), executed significant transfers to Binance and Bybit, underscoring diverse institutional activity in the ENA market.