Ethena: Deposits 128.63M ENA to Binance in 8 Hours
Lookonchain reports Ethena deposited 128.63 million ENA tokens worth $24 million into Binance over the past eight hours while the exchange repurchases stolen assets via market and OTC channels.
SourceAnalysis
Binance is repurchasing stolen assets through market channels and OTC deals. Over the past eight hours Ethena deposited 128.63 million $ENA valued at $24 million directly onto the exchange.
Price action on the four-hour chart shows ENA at $0.19 inside the Bollinger Bands with lower support at $0.18 and upper resistance at $0.22. The neutral RSI reading of 48.56 sits alongside a MACD death cross, keeping the structure bearish as price tests the EMA50 and EMA200 confluence at $0.20.
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