Whale Moves $5.6M in ENA Before Coinbase Listing

  • Ethena (ENA), a rising blockchain protocol, has experienced a wave of price volatility after a large token transfer by a wallet connected to its founding team. The move, involving 17 million ENA tokens worth approximately $5.68 million, has raised eyebrows across the market, especially as it comes just before the token's much-anticipated listing on Coinbase.