According to @ai_9684xtpa, wallet 0x877...4bba6 that received 375M ENA from the Ethena project a year ago deposited 5M ENA to Binance about two hours ago, worth roughly $3.27M; source: @ai_9684xtpa and Arkham Intelligence explorer. Over the past week, the same address transferred a cumulative 29M ENA to exchanges with a total value of about $18.83M and an average deposit price of $0.6493; source: @ai_9684xtpa. The referenced wallet is 0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6, viewable via intel.arkm.com/explorer/address/0x877b3D5c681C8890d19dbF450306Caa3C3D4bba6; source: Arkham Intelligence. Traders track rising exchange inflows as added sell-side liquidity that can impact short-term depth and pricing, especially when concentrated on a single venue like Binance; source: Glassnode Academy and Binance Research.