A certain address deposited 18.91 million ENA tokens to Binance, worth $2.7 million

Odaily Planet Daily News: According to on-chain analyst Ai Auntie, a certain address deposited 18.91 million ENA tokens into Binance two hours ago, worth $2.7 million, possibly indicating a sell-off. The address received these tokens from the Ethena Proxy contract between February and November 2026, when the price of ENA was $0.1772, which has now dropped to $0.1432, a decline of over 19%. Additionally, this address appears to periodically transfer ENA to exchanges, potentially related to team, institutional, or associated parties' token unlocks.