Ethena Transfers 5 Million ENA to Binance Amidst Market Volatility

A significant development in the Ethena ecosystem has caused a stir in the crypto market as a key address moved 5 million ENA tokens, worth roughly $4.1 million, to Binance exchange. This transfer comes on the heels of receiving an earlier influx of 3.75 billion ENA tokens from Ethena Labs. 🤔 The move reflects ongoing shifts within the Ethena ecosystem that are impacting the market activity and price volatility of the ENA token.