Per on-chain facts, a multisig wallet linked to Ethena founder Guy Younger withdrew a crammed with Forty eight million ENA tokens from Binance and Bybit exchanges over the previous three days.
The total value of the transactions was estimated at roughly $20.41 million. It is a long way currently unknown why the wallet serene these assets.
The associated fee of ENA has surged 12% in the final 24 hours, reaching a full market capitalization of $3.24 billion. The stablecoin linked to Ethena, USD, has surpassed a market capitalization of $12 billion.
The on-chain drawl wasn’t tiny to Ethena.
Every other newly created wallet withdrew 744,604 Chainlink (LINK) from Binance, winding up a transaction price roughly $12.Forty eight million.
A crypto whale additionally supplied his 2.227 billion PEPE tokens, earning 394 ETH (roughly $1.516 million). On the different hand, after holding the asset for 100 days, the investor supplied at a loss of $1.02 million. He then converted the ETH into 147 million USDT and deposited it on the decentralized cryptocurrency alternate Aster.
*This is now not any longer funding recommendation.
