Ethena team reportedly sells $3.45M in ENA as protocol outflows hit $104M
- —ENA fell 6.57% in 24 hours to $0.219 after rejection at $0.26
- —Team reportedly sold $3.45 million worth of ENA on OKX
- —Net outflows from the Ethena protocol hit $104.08 million, the highest since July
- —ENA's RSI sits at 50.64 and price trades below its 20-day EMA near $0.227
Why it matters: Team selling and capital outflows weigh on ENA; losing $0.20 support could open the door to $0.19.
Source: AMBCrypto