YZi Labs deposits 47.85M ENA to Binance, 268M tokens remain in wallet
- —47.85M ENA deposited to Binance on Oct. 13 in 40 transfers
- —Transfer value was about $10.14M at the time of sending
- —Roughly 268M ENA still sits in the address
- —Ethena accelerated remaining investor unlocks on Oct. 5
Why it matters: A large exchange deposit from an early backer adds to selling pressure on ENA, though the transfer alone does not confirm a sale.
Source: TokenPost