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A certain address redeemed all 3.07 million ENA that was deposited into Ethena two weeks ago and deposited them into Binance

A certain address redeemed all 3.07 million ENA that was deposited into Ethena two weeks ago and deposited them into Binance

CointimeCointime2024/05/27 03:50
By:Cointime

According to on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, seven hours ago, address 0xa7D...892e7 redeemed all 3.07 million ENA tokens (worth $2.79 million) that had been staked in Ethena two weeks ago. The tokens were then deposited into Binance, and between May 10th and May 14th, ENA was transferred out of Binance at an average price of $0.8434 per token. If all tokens were sold, a profit of approximately $238,000 could be made.

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