As ENA price recovers, addresses linked to the Ethena project team are accelerating distribution, transferring a total of $6.75 million worth of ENA to CEXs over the past four days.

BlockBeats News, September 7 - According to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, two Ethena project-associated addresses appear to be liquidating their positions, having transferred a total of $6.75 million worth of ENA tokens to CEX since September 3.

It is reported that over the past 15 hours, the two addresses deposited 19 million ENA (approximately $3.29 million) into Bybit. The tokens held by these addresses were transferred from Ethena's multi-signature address two years ago and had remained untouched since. Following the recent surge in token price, they have begun batch deposits.