According to @EmberCN, following the July 21 announcement by Ethena that @stablecoin_x would use ENA as a reserve asset, a team-associated Ethena address began transferring ENA tokens out. Over the past five days, a total of 150 million ENA, valued at approximately $77.35 million, have been sent to Binance and Bybit. The most recent transfer to an exchange occurred two hours ago. These large-scale transfers may impact ENA price volatility and liquidity on major trading platforms, suggesting increased attention for traders monitoring ENA order books and potential sell pressure. Source: @EmberCN.

According to @OnchainDataNerd, a significant whale transaction occurred two hours ago, with wallet 0x691 withdrawing 13.4 million ENA tokens (worth approximately $8.12 million) from Binance and transferring them to wallet 0x1be. This large-scale movement of ENA off-exchange typically signals a potential for reduced immediate selling pressure, which traders often interpret as a bullish signal for ENA price action. Market participants should closely monitor subsequent activity from these addresses for further trading cues (source: @OnchainDataNerd).

According to @adriannewman21, the spot buying of ENA by the foundation is creating a notable impact on the token's price action. The author highlights that, after conducting due diligence on treasury numbers, ENA stands out in the public markets due to the lack of other stablecoin narrative options besides Circle. This unique positioning, combined with foundation-driven buying activity, is supporting upward momentum for ENA and attracting trading attention. Source: @adriannewman21.

According to @EmberCN, Arthur Hayes, co-founder of BitMEX, purchased $1 million worth of ENA across multiple channels in the past 7 hours. Transactions included moving $500,000 USDC to Binance and withdrawing 1.08 million ENA, $250,000 USDC to Galaxy Digital for 560,000 ENA, and another $250,000 USDC to Flowdesk for 520,000 ENA. Hayes has been vocally bullish on ETH during this period. These significant OTC and exchange buys signal increased confidence in ENA and may drive short-term volatility and liquidity flows in both ENA and ETH trading pairs. Source: @EmberCN.

According to @lookonchain, on-chain data reveals that two large holders, or "whales," have deposited a combined 60 million ENA tokens, worth approximately $30 million, into the centralized exchanges Binance and Bybit. The source cites Etherscan transactions confirming the large movements. For traders, significant inflows to exchanges like these are often considered a bearish signal, as they can indicate an intention to sell, potentially increasing supply and putting downward pressure on the ENA price.

According to @lookonchain, two whale wallets transferred a combined 60 million ENA tokens, valued at approximately $30 million, to the centralized exchanges Binance and Bybit. This significant on-chain movement to exchanges is often interpreted by traders as a potential precursor to selling activity, which could increase the available supply of ENA on these platforms and potentially exert downward pressure on its market price. The transactions were confirmed on the Ethereum blockchain, as cited by the source.

According to @ai_9684xtpa, the top-ranked whale on the Ethena points leaderboard executed a highly profitable trade by investing approximately $5 million to acquire nearly 450 million sUSDe Yield Tokens (YT) set to expire on July 31. This strategic purchase was made between May 21 and June 3, during a period when the Ethena (ENA) token price was declining. The report estimates that this position is projected to yield an airdrop for Ethena's Season 4 valued at over $10.67 million. Additionally, based on the current sUSDe APY of 9.74%, the investment is generating an estimated $120,000 in daily interest income, showcasing a successful high-conviction play during a market dip.

According to @CoinbaseIntExch, Ethena Labs has been named a day one launch partner for the platform. This partnership implies that Ethena's products, such as its ENA token, will be integrated and potentially available for trading from the start of a new service on Coinbase International Exchange. For traders, this early integration on a major exchange could significantly enhance ENA's liquidity, visibility, and market access, potentially creating notable trading opportunities upon launch.

According to Lookonchain, over the past 20 hours, six wallets collectively deposited 95.36 million ENA tokens (valued at $28.4 million) into Binance after receiving funds from the Ethena Proxy wallet. This sizable inflow signals a potential increase in ENA liquidity on Binance, which could heighten near-term selling pressure and volatility for ENA traders. Such large-scale movements, especially when routed through a proxy, often precede significant price action, making this a crucial watchpoint for both short-term and swing traders monitoring ENA and related DeFi tokens. (Source: Lookonchain via Twitter, June 7, 2025)

According to Ai 姨, Amber Group, a market maker for ENA, deposited ENA tokens worth $10.35 million to Binance over the past 12 hours. This includes 6.96 million tokens, valued at $2.5 million, withdrawn from Binance two weeks ago at an average price of $0.3979. Additionally, 21.87 million tokens, valued at $7.85 million, were received from the Ethena Claim address between April and July 2024. For precise tracking, refer to the wallet address on intel.arkm.com.

According to Ai 姨 (@ai_9684xtpa), an address (0xf5C...7a191) transferred 13.71 million ENA tokens, worth $5.07 million, to Binance 2 hours ago, potentially indicating a sell-off. These tokens were received from the project's multi-signature wallet on the day of the $ENA token unlock (03.07), totaling 2.07 billion tokens, with no prior interactions. This move could signal a significant market impact, especially considering the large volume involved. Source: intel.arkm.com/explorer/addre…

According to Lookonchain, the trader izebel.eth recently made substantial investments in various cryptocurrencies, buying 20,000 AAVE for $4.25 million, 2,000 MKR for $2.75 million, 3 million ENA for $1.1 million, 80 million OX for $741,000, and 200,000 MORPHO for $354,000. These transactions highlight active trading in these assets, suggesting a bullish sentiment towards their potential market performance. Source: etherscan.io

According to Lookonchain, izebel.eth has recently executed large-scale purchases of several cryptocurrencies, including 20,000 AAVE valued at $4.25 million, 2,000 MKR worth $2.75 million, 3 million ENA for $1.1 million, 80 million OX at $741,000, and 200,000 MORPHO valued at $354,000. These transactions suggest a strategic accumulation of diverse assets, potentially indicating bullish sentiment towards these specific cryptocurrencies. Such significant investments could influence market perceptions and trading volumes in the near term (Source: Lookonchain).

According to Lookonchain, three wallets associated with the Ethena team have deposited 38.36 million ENA, worth approximately $14.4 million, into Binance within the past hour. This significant transaction may indicate a potential increase in trading activity or liquidity provision on the exchange, which traders should monitor closely for price movements and market impact. Source: Lookonchain.

According to Lookonchain, three wallets associated with the Ethena team deposited 38.36 million ENA, valued at $14.4 million, into Binance within the past hour. This significant movement of ENA tokens could indicate potential trading or liquidity strategies, as Binance is a major cryptocurrency exchange platform.

According to The Data Nerd, a fresh wallet withdrew 14.51 million ENA, valued at approximately $5.95 million, from Binance about 50 minutes ago. This significant movement of funds could suggest strategic positioning by the wallet holder, potentially indicating bullish sentiment or preparation for trading activities outside of Binance. The transaction is traceable through the address provided on intel.arkm.com.

According to Lookonchain, a newly created wallet has withdrawn 14.51 million ENA tokens, valued at approximately $5.95 million, from Binance. This significant movement of assets could indicate a potential market impact, as large withdrawals can lead to changes in token liquidity and price volatility. Traders should monitor ENA's market closely for any resultant price movements.

According to Lookonchain, a newly created wallet has withdrawn 14.51 million ENA tokens, valued at approximately $5.95 million, from the Binance exchange. This significant movement of funds could indicate strategic repositioning or preparation for alternative trading activities involving ENA. Traders should monitor the wallet for subsequent transactions that may impact ENA's market dynamics.

According to Ai 姨, ENA and Bybit have a deep collaborative relationship where 21% of USDe executes a Delta neutral hedging strategy on Bybit. Following a hack on Bybit, ENA's price temporarily fell by 11%, and USDe experienced a slight discount. However, after Bybit's commitment to compensation and assurance from ENA that all spot assets supporting USDe are held in custody outside of the exchange, the price has gradually recovered from a low of $0.4078 to the current price of $0.453.

According to Ai 姨, the funding rate for ENA contracts on Binance has surged to 0.25%, meaning that shorting $10,000 incurs a $25 fee every 4 hours, with significant volatility expected at the 12 o'clock settlement. Historical data shows that the rate spiked to 0.32% following a strong rebound at 4 AM, with a 24-hour trading volume of $876 million.