Ethena withdraws 25 million ENA tokens, what is hidden behind the mysterious operation?
Ethena has withdrawn 25 million ENA tokens from Bybit this time, which is no small move. Its associated wallet holds nearly 780 million ENA tokens, with a market value exceeding 200 million dollars, and now it is withdrawing again, clearly showing some activity in market operations and presenting a positive trend.
This behavior has naturally attracted market attention and investor speculation. After all, in the cryptocurrency market, every action it takes could potentially impact the market.
It makes sense for the industry to pay attention to its wallet holdings and fund utilization strategies. Understanding its holdings can help to some extent in judging the flow of funds and potential trends in the market.
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