PANews reported on August 10 that five Ethena institutional investor addresses executed strategic ENA token transfers to exchanges, including detailed USD-equivalent values, signaling active liquidity management.
According to PANews and on-chain analyst Ember, on August 10, five Ethena institutional investor addresses transferred a total of 40.217 million ENA tokens (approximately $29.8 million) to exchanges such as Binance and Bybit. Strobe Ventures transferred 7 million ENA to Binance 12 hours ago and later withdrew 5.087 million USDC at a sale price of $0.726; Amber Group transferred 6.39 million ENA (valued at $4.84 million) to Binance; address 0xAb4...18A moved 6.145 million ENA ($4.55 million) to Bybit; address 0x6e6...922 transferred 15 million ENA ($11.05 million) to Bybit; and address 0x969...aF5 sent 5.682 million ENA ($4.27 million) to Bybit.