New Address Withdraws $8.36 Million in ENA Tokens from Coinbase

On-chain data shows significant ENA token movements, with Maven 11 accumulating 30 million ENA and YZi Labs-linked addresses transferring millions to Binance over the past weeks.

ENA

189d ago

Fact Check

All provided evidence, from two distinct sources, corroborates the statement. They consistently report that a new address withdrew 11.03 million ENA tokens from Coinbase, with a total value of approximately $8.36 million.

Summary

On September 17, on-chain analyst Ember reported that a suspected Maven 11-linked address withdrew 4.03 million ENA, worth $2.76 million, from Binance, raising its total accumulation over two days to 30.08 million ENA valued at $20.63 million. Meanwhile, an address possibly linked to YZi Labs transferred 5 million ENA worth $3.4 million to Binance, contributing to 54 million ENA worth $37.8 million sent over the past three weeks.

Terms & Concepts

ENA: A cryptocurrency token whose specific project details are not provided in the source, tracked here for its transaction value.
Binance: One of the largest global cryptocurrency exchanges, providing a platform for buying, selling, and trading digital assets.
On-chain data: Information recorded directly on a blockchain, often used to track transactions and addresses.