Ethena: Wallet Deposits 18.91M ENA to Binance

Wallet 0xf5C…7a191 deposited 18.91 million ENA worth $2.7 million to Binance two hours ago, with the move flagged as potential selling. The address received the tokens from the Ethena Proxy contract on 2026.02-11 when ENA traded at $0.1772; the price has since fallen to $0.1432, marking a 19% loss.

Price action on the 4h chart shows ENA inside the Bollinger Bands with the upper band at $0.16 acting as immediate resistance while the lower band at $0.15 provides short-term support. The bearish structure persists below both EMA50 at $0.16 and EMA200 at $0.19, yet the MACD golden cross and neutral RSI at 32.94 suggest any bounce from the lower band could test the 50-EMA before fresh downside pressure resumes.