ENS Team Moves Major Tokens: $4 Million Transfer to CEXs

The ENS team recently moved approximately $4.02 million in Ethereum Name Service (ENS) tokens, totaling 141,937 tokens, within the last 20 minutes. These transfers include 72,437 tokens sent to FalconX and another 69,500 tokens sent to a centralized cryptocurrency exchange (CEX). The movement of this much Ethereum addresses raised questions about the team’s overall strategy for ENS.