According to @OnchainDataNerd, wallet 0xc97 deposited 8.4M ENA worth approximately $2.42M to Binance and Bybit about 7 hours ago, with those ENA originally transferred five months earlier; source: The Data Nerd (@OnchainDataNerd), Dec 10, 2025. Exchange inflows increase the amount of tokens available to trade on centralized exchanges and are commonly monitored for potential sell-side liquidity and short-term volatility; source: Binance Academy, on-chain data and exchange flows. Traders tracking ENA may watch spot order books and derivatives funding on Binance and Bybit around the deposited size for liquidity shifts during U.S. and Asia sessions; source: Binance Academy.