Onchain Lens said a wallet believed to be linked to the Ethena team deposited 17 million ENA into FalconX about one hour before the report, a transfer valued at roughly $14.09 million. The transaction may be tied to an over-the-counter, or OTC, sale, according to the monitoring note cited by BlockBeats. The same wallet had previously received ENA from Ethena’s Gnosis Safe last year, which was cited as part of the basis for the suspected connection. No additional details on the destination, sale terms, or confirmation from Ethena were provided in the source report.
According to BlockBeats, citing Onchain Lens, a wallet believed to be associated with the Ethena team deposited 17 million ENA into FalconX about one hour before the report was published. The transfer was valued at about $14.09 million.
The monitoring note said the deposit may have been made for an over-the-counter sale. It also said the wallet had previously received ENA from Ethena’s Gnosis Safe last year.
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