Three wallets linked to the Ethena Labs, 0x444, 0xab2, and 0x7e6, jointly deposited 38.365M ENA ($14.71M) to Binance at an average price of $0.383 in the past 2 hours, including:

• address: 0x4448ea1e76fe2eee5aaf6582ddc737eb0017cfe2 deposited 17M ENA ($6.51M);
• address: 0xab2eedf5cf6e534b3ab8e2a71f7457228138c1b3 (possibly GSR Markets) deposited 12.865M ENA ($5.02M);
• address: 0x7e617f54a9ede23e687513c3af896e6c5d64c4f8 deposited 8.5M ENA ($3.18M).

Notably, the wallets received their ENA tokens from Ethena Labs' multi-signature wallets on July 20, 2024 (7 months ago), when the price was $0.487.

Currently, wallet "0xab2" still holds 53.6M ENA ($20.2M), while wallet "0x7e6" still holds 8.5M ENA ($3.15M).

Fig 1. Three wallets linked to the Ethena Labs jointly deposited 38.365M ENA ($14.71M) to Binance in the past 2 hours.

Fig 2. The ENA price chart over the past 24 hours.