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TechFlow news, July 26 — According to on-chain analyst Yujin, after Ethena announced on July 21 its StablecoinX initiative to hold ENA as reserves, an address linked to the Ethena project began transferring out ENA. Over the past five days since the announcement, a total of 150 million ENA (worth $77.35 million) has been sent to Binance and Bybit, with the latest transfer to exchanges occurring two hours ago.
According to on-chain analyst烬's monitoring, after Ethena announced on July 21 its StablecoinX initiative to hold ENA as reserves, an address associated with the Ethena project began transferring out ENA. Over the past five days since the announcement, a total of 150 million ENA (worth $77.35 million) has flowed into Binance and Bybit, with the most recent transfer to exchanges occurring two hours ago.
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