Ethena Labs transfers 23.3 million ENA to FalconX, possibly preparing for a large-scale sale

2025-12-19 10:54:10

Abstract generation in progress

【Blockchain Rhythm】There’s an interesting on-chain movement. Ethena Labs recently transferred 23.3 million ENA tokens to FalconX, worth approximately $4.74 million. Based on the transfer size and target address, this is likely in preparation for a subsequent sale. More notably, Ethena Labs currently holds a substantial amount of ENA — the wallet still contains 123.4 million ENA, with a total value of about $25 million. Although this transfer is only a part of their holdings, it is enough to cause some ripples in the market. Such large transfers often reflect the latest movements of project teams or major institutions, making it a noteworthy signal for those following ENA trends.

ENA1,96%

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LiquidationTherapist

· 2025-12-22 02:14

Is it dumping again? Ethena's move is quite ruthless --- Damn, it's this same old trick again, transferring to the exchange is just to dump --- $4.74 million get dumped, can ENA hold on? I bet it can't --- That's why I don't touch coins with too much Holdings from the project party, it's too easy to get played for suckers --- Just details, there are still over 100 million left, this is just the beginning, more is coming later --- Ethena is really disappointing, raising so much money and still dumping --- Let's wait and see, if this wave breaks the level, it's completely over --- All moved to FalconX, definitely going to dump, no escape --- I was wondering why ENA's top is so strong, turns out there were so many hidden.

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FrogInTheWell

· 2025-12-20 19:32

It's the same old trick before a dump; as soon as FalconX appears, you know something's going to go wrong.

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WalletDoomsDay