$ENA
ENA crazy signal! Ethena Labs raised $7.05 million in tokens with holdings exceeding 200 million🔥
Big moves in the crypto world! On December 8, Onchain Lens will monitor in real-time, as the Ethena Labs address just withdrew 25 million ENA from Bybit in a flash, which is approximately $7.05 million at the current market price. This is already a recent series of concentrated withdrawal operations, with strong intentions to increase positions!
As the leading protocol for crypto-native stablecoins, Ethena's ENA token is indeed the core of governance, allowing participation in protocol voting and sharing staking rewards! Now this address's holdings have skyrocketed to 779.89 million ENA, with a total value reaching $207.7 million, definitely a whaling-level stockpiling pace～
On-chain data never lies; whales continuously withdraw tokens from exchanges, which is often a signal of long-term optimism and can also reduce circulating selling pressure! It’s important to know that Ethena's USDe stablecoin, thanks to its innovative mechanism, has already surpassed $6 billion in TVL, showcasing strong ecological strength. This wave of ENA being crazily accumulated makes the subsequent market worth looking forward to, staying tuned to on-chain movements without losing direction～$BTC
