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2025-06-06
10:03
Mirana Ventures Deposits 72.17 Million ENA Tokens to Binance, Triggering 8% ENA Price Drop – Crypto Market Impact Analysis

According to Ai 姨 (@ai_9684xtpa), a wallet suspected to belong to Mirana Ventures withdrew 68.14 million ENA tokens from Ethena and subsequently deposited 72.17 million ENA (worth $21.44 million) to Binance three hours ago. Following this deposit, the ENA token price dropped sharply by 8% from $0.31 to $0.285, now trading at $0.29. Rootdata confirms that Mirana Ventures participated in Ethena's seed round. This large deposit and subsequent price movement indicate significant sell-side pressure, which is a critical signal for short-term traders and those monitoring institutional movements in the ENA ecosystem. (Source: @ai_9684xtpa on Twitter, Rootdata)

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