Onchain Lens has tracked a transfer of $81.97 million in USDC from Ethena’s Coinbase Prime custody wallet to FalconX, according to a ChainCatcher report. On-chain transaction records indicate the movement may be tied to an over-the-counter, or OTC, sale. At this stage, there is no confirmation that Ethena has completed any sale. The report points only to the wallet transfer and the possible OTC connection reflected in the transaction records, without confirming the final disposition of the funds.
ChainCatcher said that, citing Onchain Lens, Ethena moved $81.97 million in USDC from its Coinbase Prime custody wallet to FalconX.
On-chain transaction records suggest the transfer may be tied to an over-the-counter, or OTC, sale. But whether Ethena has already finished the sale is still unconfirmed.
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