According to @EmberCN, an on-chain address has been accumulating ENA since Sep 16 and withdrew a total of 73.56 million ENA worth about USD 43.88 million from exchanges over the past week, source: x.com/EmberCN/status/1970298590246654159. According to @EmberCN, the address is identified as likely belonging to the ENA treasury company @stablecoin_x, source: x.com/EmberCN/status/1970298590246654159. According to @EmberCN, transaction counterparties include Maven 11 and Dragonfly, described as investors in the ENA treasury company, source: x.com/EmberCN/status/1970298590246654159. According to the source, traders can review and monitor the address 0x8e771f7bAb34a3b4491e03F22f005483E5c375f5 on Arkham Intelligence for ongoing flows relevant to ENA order book liquidity, source: intel.arkm.com/explorer/address/0x8e771f7bAb34a3b4491e03F22f005483E5c375f5.

According to @EmberCN, ENA is seeing intense turnover, with a wallet likely tied to Maven 11 withdrawing 4.03M ENA ($2.76M) from Binance about 1 hour ago and accumulating 30.08M ENA ($20.63M) over the past two days, source: Arkham Intelligence address 0x9c7B3C57632aB8BED71a4dDbC950d8C009DFe7aA https://intel.arkm.com/explorer/address/0x9c7B3C57632aB8BED71a4dDbC950d8C009DFe7aA as cited by @EmberCN. According to @EmberCN, an ENA investor wallet possibly linked to YZi Labs deposited 5M ENA ($3.4M) to Binance about 1 hour ago and has sent a total of 54M ENA ($37.8M) to Binance over the past three weeks, source: Arkham Intelligence address 0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6 https://intel.arkm.com/explorer/address/0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6 as cited by @EmberCN. According to @EmberCN, the post was sponsored by Bitget, source: @EmberCN.