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

Transfers within a week of an unlock included ENA linked to YZi Labs, D1 Ventures and Tron VC.

Mentioned assets
Metal tokens rest beside a deposit tray under fluorescent lights / TokenPost.ai
Metal tokens rest beside a deposit tray under fluorescent lights / TokenPost.ai

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

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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