According to @ai_9684xtpa, Ethena moved 3.125 million ENA to a Binance deposit address roughly 20 minutes prior, worth about $2.27 million, with the purpose unspecified; source: @ai_9684xtpa on X and the referenced Arkham address 0x54B8c65f0635fD91C8729Dd3269C630d9AED54e5 (intel.arkm.com/explorer/address/0x54B8c65f0635fD91C8729Dd3269C630d9AED54e5). According to @ai_9684xtpa, the same address last sent tokens to an exchange one month ago, during which ENA appreciated 17.5%; source: @ai_9684xtpa on X.

According to @EmberCN, an Ethena project or investor address sent 5,000,000 ENA (about $3.81 million) to Binance roughly 30 minutes ago, source: @EmberCN on X (Sep 12, 2025). The same address has deposited a cumulative 44,000,000 ENA (about $30.56 million) to Binance over the last two weeks at an average transfer price of $0.69, source: @EmberCN on X. The address originally received 375,000,000 ENA from an Ethena multisig in July last year, equal to 2.5% of ENA’s total supply, source: @EmberCN on X. The wallet is 0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6, as shown on ARKM Intel, source: ARKM Intel Address Explorer. The 44,000,000 ENA sent to Binance equals about 11.7% of the wallet’s 375,000,000 ENA allocation, derived from @EmberCN and ARKM Intel.

According to Onchain Lens (@OnchainLens), the Ethena (ENA) wallet labeled 0x877 deposited 5,000,000 ENA worth approximately $3.81 million into Binance (source: Onchain Lens on X, Sep 12, 2025). According to Onchain Lens (@OnchainLens), cumulative deposits from this wallet reached 44,000,000 ENA over the past two weeks, valued at about $30.55 million, with the sender address identified as 0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6 (source: Onchain Lens on X, Sep 12, 2025). According to Onchain Lens (@OnchainLens), these on-chain inflows specifically target Binance and are relevant for traders monitoring ENA exchange-side liquidity and potential supply concentration (source: Onchain Lens on X, Sep 12, 2025).

According to @OnchainDataNerd, Arthur Hayes withdrew 579,000 ENA (about $473,000) from Binance roughly 11 hours before the post, and the tracked wallet now holds 5.024 million ENA (about $3.96 million), source: x.com/OnchainDataNerd/status/1965958306331275574. The wallet address and holdings can be verified via Arkham Intelligence at intel.arkm.com/explorer/address/0x6cd66DbdFe289ab83d7311B668ADA83A12447e21, source: intel.arkm.com/explorer/address/0x6cd66DbdFe289ab83d7311B668ADA83A12447e21.

According to @EmberCN, 246 million ENA (about $196 million) were transferred in the past 8 hours from an Ethena custody wallet to Coinbase Prime, with the source wallet listed as 0xcfc40d4ECa21F60D329F1E6b9B3D6069EaA20BBC and transactions visible on Arkham Intelligence (source: @EmberCN; Arkham Intelligence). According to @EmberCN, the post did not provide a stated purpose for the transfer, leaving only the confirmed size, timing, and destination venue for traders to assess (source: @EmberCN). According to Coinbase Institutional materials, Coinbase Prime is an institutional trading and custody platform that supports prime brokerage and OTC settlement, indicating the ENA have been positioned on an institutional venue rather than a self-custody address (source: Coinbase Institutional).

According to @ai_9684xtpa, the address 0x877b...4bba6 that received 375M ENA from the Ethena team a year ago deposited another 5M ENA worth about $4.1M to an exchange within the last two days, source: @ai_9684xtpa on X; Arkham Intelligence address page https://intel.arkm.com/explorer/address/0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6. According to @ai_9684xtpa, since Aug 29 the same wallet has cumulatively deposited 39M ENA to Binance, valued at about $26.74M, with a referenced average deposit price of $0.6857 and transaction range from $0.64 to $0.82, source: @ai_9684xtpa on X; Arkham Intelligence address page https://intel.arkm.com/explorer/address/0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6.

According to @KookCapitalLLC, the referenced Ethena USDH proposal is a signal of growing builder demand around Hyperliquid’s roadmap, which traders can treat as a directional indicator for the ecosystem. Source: @KookCapitalLLC on X, Sep 9, 2025. According to @KookCapitalLLC, multiple cutting-edge teams want exposure to Hyperliquid’s future, reinforcing a pro-growth thesis for the venue. Source: @KookCapitalLLC on X, Sep 9, 2025. According to @KookCapitalLLC, the trade idea is to buy HYPE spot and stake it, with the author stating that it is not late to enter. Source: @KookCapitalLLC on X, Sep 9, 2025.

According to @OnchainDataNerd, wallet 0x8ab deposited 2M ENA, about $1.57M, to Binance roughly one hour ago, with the address viewable at intel.arkm.com/explorer/address/0x8ab4E48Fb3AB5FeBba57b9f5b152C459B0303780, source: @OnchainDataNerd; source: Arkham. The same address received 25.31M ENA from the team six months ago and sold 20M ENA over the last two weeks at an average price near $0.70, leaving 5.31M ENA remaining, source: @OnchainDataNerd. These position changes and transfer details are taken directly from the cited wallet history, source: @OnchainDataNerd; source: Arkham.

According to @AggrNews, Ethena announced a follow-on $530M StablecoinX PIPE deal and the Ethena Foundation initiated a new $310M open-market buyback program; source: @AggrNews. According to @AggrNews, the combined size of these capital actions totals $840M, providing concrete figures for market monitoring; source: @AggrNews.

According to @OnchainDataNerd, an Ethena-linked wallet 0x878 deposited 5M ENA (about $3.27M) to Binance roughly 4 hours prior to the report and has transferred a cumulative 11M ENA (about $7.24M) to Binance over the past week. Source: @OnchainDataNerd. The same address still holds 351M ENA (about $229.48M) on-chain at the referenced Arkham Intelligence address, indicating substantial remaining holdings that traders are monitoring for subsequent exchange flows. Source: @OnchainDataNerd; Arkham Intelligence.

According to @ai_9684xtpa, wallet 0x877...4bba6 that received 375M ENA from the Ethena project a year ago deposited 5M ENA to Binance about two hours ago, worth roughly $3.27M; source: @ai_9684xtpa and Arkham Intelligence explorer. Over the past week, the same address transferred a cumulative 29M ENA to exchanges with a total value of about $18.83M and an average deposit price of $0.6493; source: @ai_9684xtpa. The referenced wallet is 0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6, viewable via intel.arkm.com/explorer/address/0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6; source: Arkham Intelligence. Traders track rising exchange inflows as added sell-side liquidity that can impact short-term depth and pricing, especially when concentrated on a single venue like Binance; source: Glassnode Academy and Binance Research.

According to @lookonchain, an address labeled Ethena wallet 0x877b deposited 5,000,000 ENA worth approximately $3.27 million to Binance again on Sep 5, 2025, indicating a fresh exchange inflow tracked in real time (source: @lookonchain on X). On-chain details for address 0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6 corroborate the transfer and destination as Binance, per Arkham Intelligence explorer data (source: Arkham Intelligence).

According to @ai_9684xtpa, an address labeled as linked to Anchorage Digital (0x8ab4E48Fb3AB5FeBba57b9f5b152C459B0303780) deposited a cumulative 5,000,000 ENA to Binance over the past 17 hours, valued at approximately 3.37 million USD; source: Arkham Intelligence address page intel.arkm.com/explorer/address/0x8ab4E48Fb3AB5FeBba57b9f5b152C459B0303780 and X post https://twitter.com/ai_9684xtpa/status/1963791550934327417. The same address still holds 13.31 million ENA, roughly 8.71 million USD; source: Arkham Intelligence address page intel.arkm.com/explorer/address/0x8ab4E48Fb3AB5FeBba57b9f5b152C459B0303780 and X post https://twitter.com/ai_9684xtpa/status/1963791550934327417. The post also notes Anchorage previously partnered with Ethena to introduce the USDtb stablecoin to the U.S. market as a GENIUS Act-compliant stablecoin; source: X post https://twitter.com/ai_9684xtpa/status/1963791550934327417. Wallet address for verification: intel.arkm.com/explorer/address/0x8ab4E48Fb3AB5FeBba57b9f5b152C459B0303780; source: Arkham Intelligence.

According to @secondswap_io, Ethena opened institutional rails in August with direct access via Coinbase Institutional, CoinList’s Earn offering USDe at 12% APY, and cross-chain deployments on Aptos plus integrations across Aave, Gearbox, InfiniFi, and TON; the post also states Ethena has been aggressively building its infrastructure (source: @secondswap_io). According to @secondswap_io, these named channels and rates identify where USDe access and yield are currently available for participants, informing trading-oriented capital deployment and liquidity routing (source: @secondswap_io).

According to @secondswap_io, Ethena’s upcoming token unlock may drive short-term price swings while August results indicate sticky fundamentals supported by infrastructure-level adoption and active risk management, source: @secondswap_io. The source also notes that locked token holders can access liquidity without waiting years and can inquire directly for solutions, source: @secondswap_io.

According to @ai_9684xtpa, Ethena points leaderboard top account AndreIsBack bought 38.71 million WLFI eight months ago for 170 ETH (about $580,000), implying a $0.015 cost per token, source: @ai_9684xtpa on X, Sep 2, 2025. According to @ai_9684xtpa, the account received 7.74 million unlocked WLFI yesterday and had not sold them as of the post, with a marked value around $1.85 million that implies an approximate spot price near $0.239, source: @ai_9684xtpa on X, Sep 2, 2025. According to @ai_9684xtpa, the trader holds a 3x hedge short on Hyperliquid with an unrealized gain of about $585,000, source: @ai_9684xtpa on X, Sep 2, 2025. According to @ai_9684xtpa, based on these reported figures, the marked price versus the stated $0.015 cost implies roughly a 15.9x gain on the unlocked tranche before hedge effects, source: @ai_9684xtpa on X, Sep 2, 2025.

According to @ai_9684xtpa, an Ethena team multisig wallet 0x877...4bba6 transferred 15,000,000 ENA to a Binance deposit address, valued around 9.64 million USD at the reported time. Source: @ai_9684xtpa; Arkham Intelligence. The transfer and address history are visible via Arkham Intelligence’s explorer for the cited wallet and the Binance-labeled recipient, confirming an exchange inflow of 15,000,000 ENA. Source: Arkham Intelligence; @ai_9684xtpa.

According to @EmberCN, about 15 million ENA worth roughly $9.64 million were transferred to Binance around 20 minutes ago by a wallet the source flags as possibly linked to Ethena. According to @EmberCN, the same wallet received 375 million ENA from Ethena’s multisig in July last year, valued near $166 million at the time. According to @EmberCN, today’s transfer is the wallet’s first outgoing transaction since receiving those tokens. According to @EmberCN, the wallet still holds about 360 million ENA valued around $230 million.

According to @akshat_hk, as of April 12, 2023, within 38 days of announcing Maelstrom, the team had made four early investments in EtherFi, Ethena, Aethir, and Obol, also referencing an EtherFi card signup; source: @akshat_hk on X (Aug 20, 2025). For trading context, these portfolio names span liquid staking/restaking via EtherFi (source: ether.fi documentation), synthetic dollar infrastructure via Ethena (source: Ethena documentation), decentralized GPU compute via Aethir (source: Aethir official site), and distributed validator technology for Ethereum via Obol (source: Obol Network documentation).

According to @ai_9684xtpa on X on Aug 12, 2025, Arthur Hayes reportedly accumulated approximately USD 9.801 million of Ethereum (ETH) ecosystem tokens after opening a new ENA position, with about USD 180,000 in unrealized profit, and the same post cites a public exchange with James Wynn to highlight whale activity that traders track for near-term ENA and ETH market momentum.