According to Lookonchain, over the past 20 hours, six wallets collectively deposited 95.36 million ENA tokens (valued at $28.4 million) into Binance after receiving funds from the Ethena Proxy wallet. This sizable inflow signals a potential increase in ENA liquidity on Binance, which could heighten near-term selling pressure and volatility for ENA traders. Such large-scale movements, especially when routed through a proxy, often precede significant price action, making this a crucial watchpoint for both short-term and swing traders monitoring ENA and related DeFi tokens. (Source: Lookonchain via Twitter, June 7, 2025)

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)

According to Lookonchain, whale address 0x41Fc deposited 17 million ENA tokens (valued at $5.41 million) into Binance, Bybit, and Gateio via Flowdesk approximately 40 minutes ago (source: Lookonchain via intel.arkm.com). Large deposits by high-net-worth wallets often signal potential selling pressure, which could impact ENA's price in the short term. Traders should monitor order book activity and liquidity on these major exchanges, as increased supply may lead to heightened volatility. This transaction is particularly relevant for crypto market participants tracking whale movements and their influence on ENA token price trends.

According to Ai 姨 (@ai_9684xtpa), following Coinbase's announcement to add ENA to its roadmap, a whale with address 0xEe6...8d6C5 deposited 6.39 million ENA tokens worth $2.16 million to Binance nine hours ago, likely preparing for a major sell-off. These ENA tokens were claimed two weeks ago from the @ethena_labs multisig address, potentially as part of an institutional or whale airdrop unlock. This large-scale movement and possible liquidation could introduce significant price volatility for ENA and influence broader crypto trading sentiment, especially amid heightened interest due to Coinbase's roadmap update (source: https://twitter.com/ai_9684xtpa/status/1930458438909473202).