An address deposited 18.91 million ENA, worth about $2.7 million, to Binance roughly two hours before Odaily’s November 12, 2026, report, according to on-chain analyst Ai Yi. The transfer may signal a sale, but the report does not establish that the tokens were sold.
Odaily said the address received the tokens from an Ethena Proxy contract between February and November 2026. It cited an ENA price of $0.1772 when the tokens were received, compared with $0.1432 at the time of reporting—a decline of more than 19%. The address also appeared to transfer ENA to exchanges periodically. A possible connection to unlocks involving the team, institutions or related parties remains unconfirmed.
Original report: Odaily, published November 12, 2026, at 15:48 (UTC+8).