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.

According to @EmberCN, crypto VC Strobe Ventures transferred 7 million ENA worth about USD 5.15 million to Binance in the past 30 minutes on Aug 9, 2025, time-stamped by the post, source: @EmberCN on X. Strobe Ventures is described as a spin-out of BlockTower Capital, an institutional investor in Ethena, and the address reportedly received a 142.9 million ENA allocation about one year ago, source: @EmberCN on X. The same address still holds roughly 113.9 million ENA valued near USD 83.94 million, source: Arkham Intelligence explorer intel.arkm.com.

According to @MilkRoadDaily, ENA rose 13% today, fueled by robust on-chain fundamentals. The supply of USDe has increased by $3.1 billion within just two weeks, signaling significant demand growth. Additionally, Ethena’s total value locked (TVL) has reached an all-time high, reinforcing market confidence. These metrics indicate strong momentum for ENA, suggesting continued trading interest based on real asset growth and positive market sentiment (source: @MilkRoadDaily).

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 @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 @ItsDave_ADA, the Real-World Asset (RWA) sector is evolving beyond simply mirroring traditional finance, moving towards creating crypto-native structured products. A key example is tokenized reinsurance, which opens up a $784B+ global market, projected to grow to $2 trillion in capital over the next decade, to DeFi investors. This innovation allows for the creation of new structured products, such as pairing a yield-bearing stablecoin like Ethena’s sUSDe with a tokenized reinsurance pool to generate underwriting yield independent of market cycles. The growth of RWAs, which already account for over $20 billion in tokenized assets, is supported by technological drivers like L1/L2 scaling and institutional-grade custody, as well as market drivers including increasing regulatory clarity and adoption by major firms like BlackRock, KKR, and VanEck. This trend points towards a more accessible, transparent, and continuously operating global financial system built on blockchain.

According to Ai 姨 (@ai_9684xtpa), a wallet suspected to belong to Mirana Ventures withdrew 68.14 million ENA tokens from Ethena and subsequently deposited 72.17 million ENA (worth $21.44 million) to Binance three hours ago. Following this deposit, the ENA token price dropped sharply by 8% from $0.31 to $0.285, now trading at $0.29. Rootdata confirms that Mirana Ventures participated in Ethena's seed round. This large deposit and subsequent price movement indicate significant sell-side pressure, which is a critical signal for short-term traders and those monitoring institutional movements in the ENA ecosystem. (Source: @ai_9684xtpa on Twitter, Rootdata)

According to Ai 姨 (@ai_9684xtpa), Ethena has introduced a USDe staking program on the TON network, accessible via Telegram wallets like TON Space, MyTonWallet, TonHub, and TonKeeper. The campaign runs for 16 weeks, offering an enhanced APY: up to 18% for the first 4 weeks, then gradually decreasing, with the baseline at 8% for tsUSDe. This initiative combines familiar DeFi features with the convenience of Telegram, creating new yield opportunities for crypto traders and potentially increasing demand for USDe and TON-related assets. Source: Ai 姨 on Twitter, May 31, 2025.

According to @milesdeutscher, Ethena's stablecoin, USDe, holds 2.3% of the total stablecoin market. The revenue model involves a unique strategy of backing USDe with delta-hedged positions on staked Ethereum (such as stETH) and short perpetual futures, providing stability and potential profit avenues for traders.

According to @Tokenomist_ai, Ethena unlocked 2.07B $ENA ($740.71M), representing 39.17% of the circulating supply. In the past two days, 12 wallets have deposited 125M $ENA ($45M) to major exchanges including Binance, Bybit, and FalconX, indicating a significant movement of tokens potentially affecting market dynamics.

According to @Tokenomist_ai, Ethena unlocked 2.07B $ENA tokens, valued at $740.71M, which constitutes 39.17% of the circulating supply. Over the past two days, 12 wallets have deposited 125M $ENA, worth $45M, into major exchanges including Binance, Bybit, and FalconX. This significant movement of tokens could indicate potential trading activity or strategic positioning by large holders.