Ethena (ENA) Soars After Founder’s $20 Million Withdrawal Sparks Market Speculation

The crypto market is abuzz with activity following a significant move by Ethena founder Guy Young. He recently withdrew 48 million ENA tokens, worth approximately $20.41 million, from exchanges like Binance and Bybit. This bold action has led to a noticeable price surge for Ethena (ENA), which is currently trading near $0.547, despite recent volatility. Analysts are speculating about the timing of this move and its potential impact on the token’s future.