Ethena: Wallet Sends 170M ENA to FalconX

Ethena team-linked wallet deposited 170M $ENA (~$14.09M) to FalconX one hour ago, likely preparing an OTC sale after receiving the tokens from Ethena’s Gnosis Safe last year.

Price action on the 4h chart shows $ENA trading at $0.08 inside the Bollinger Bands with lower support at $0.08 and upper resistance at $0.09. RSI(14) at 27.26 marks oversold momentum while MACD registers a bullish golden cross, yet both EMA50 and EMA200 sit at $0.09 as concrete resistance. Institutional desks watch whether the OTC flow pressures price back toward the 50-EMA before any relief rally develops.