Crypto Whales Spark Speculation Around Ethena’s Surge

Recent large cryptocurrency transactions, tracked by blockchain monitors, suggest a potential shift in the fortunes of Ethena and major digital tokens. A multisig wallet linked to the project’s founder, Guy Young, has been quietly accumulating assets, withdrawing over $20 million worth of ENA from Binance and Bybit in the last three days. While these withdrawals remain unclear, they have fueled speculation about internal strategy or upcoming developments.