TechFlow reports, according to on-chain analyst Ai Auntie, an address withdrew 3.72 million ENA (worth $4 million) from the Ethena protocol nine hours ago—originally deposited two weeks prior—and subsequently deposited the funds into Binance. The token price was $1.28 at the time of withdrawal; if all these tokens were sold, it would result in a loss of $708,000. The address still holds 2 million ENA.
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