Ethena’s ENA Token Sees Nearly $50 Million Flow to Exchanges

Addresses associated with ENA insiders transferred nearly $50 million worth of Ethena’s ENA token to centralized exchanges within a week of an unlock. The transfers included ENA linked to YZi Labs, D1 Ventures and Tron VC. Ethena is a stablecoin protocol, and ENA is its token. The reported transfers totaled nearly $50 million within a week of the unlock. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.