According to Lookonchain, in the past 20 hours, six wallets transferred a total of 95.36 million ENA tokens, valued at approximately $28.4 million, into Binance. All six wallets received their ENA from the Ethena Proxy wallet, indicating coordinated large-scale movements. Such significant inflows to centralized exchanges like Binance often signal increased selling pressure and potential short-term volatility for ENA's price. Traders should closely monitor ENA order books and related on-chain activity for possible liquidity impacts or rapid price swings, as whale deposits frequently precede noticeable market moves. (Source: Lookonchain on Twitter, June 7, 2025)