Ethena withdraws another 25 million ENA; this wallet has accumulated over $200 million worth of tokens.

2025-12-08 00:20:15

[Crypto World] On-chain data shows that Ethena has made a new move.

They withdrew 25 million ENA from a major exchange, which is about $7.05 million at the current price. How much does this wallet hold now? 779 million ENA, with a total value of $207.7 million.

What’s really going on behind such a large-scale transfer? Is it a signal that the project team is accumulating, or are they preparing for something else?

ENA-4,04%

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TradingNightmare

· 2025-12-09 18:55

Damn, building positions again? This pace is pretty intense. --- 200 million USD worth of tokens, they really dare to stock up. --- Wait, is this just the prelude to pumping and dumping? --- For the project team to make such a move, they must have something up their sleeve. --- Damn, it’s the same old trick—hoard first, then pump. --- 779 million tokens, how much money did it take to pile that up? --- I'm not buying it; usually, large transfers out are a sign they're about to dump. --- Increasing holdings? Looks to me like they're digging their own hole. --- Dropping 25 million in one go—is it real or just hype? --- Just look at the position size and you'll know how things will play out next.

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MeltdownSurvivalist

· 2025-12-08 00:45

Oh, accumulating chips again? That's a big move. --- $200 million stockpiled—are they really determined to pump the price? --- Ethena’s moves this round are pretty major, feels like something’s about to happen. --- $7.05 million withdrawn just like that, is this for real? --- The real question is what happens next—that’s what to watch. --- Stockpiling this much and not dumping? That’d be a surprise, just wait. --- With the project team playing like this, will retail investors follow? --- This trade is interesting, gotta keep an eye on it. --- Holding 779 million ENA—what does that tell you? --- Looks like they’re setting up—let’s see what happens next.

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TestnetNomad

· 2025-12-08 00:32

Damn, $200 million worth of token accumulation—they must be really bullish on ENA. Such shrewd calculations. Can you stop messing around and just pump the price already? Is this a signal to accumulate more or to dump? I really can’t tell this time. With $200 million staked here, that’s some serious confidence... or are they just setting up to dump on retail? With such aggressive withdrawals, it feels like something big is about to happen.

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ExpectationFarmer

· 2025-12-08 00:25

Damn, $200 million hoarded—this pace is getting hard to keep up with. --- Whether it's accumulation or dumping, let's see what happens next. --- 779 million tokens... that's a bold move, need to keep a close eye on it. --- Checking on-chain data every day, feels like I'm becoming a data analyst myself, haha. --- Same old playbook, having money really means you can do whatever you want. --- If this move ends up being a dump, things are going to get interesting. --- 25 million tokens gone just like that—how many people are waiting for this signal?

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BlockchainRetirementHome

· 2025-12-08 00:24

$200 million thrown in—are they truly optimistic this time or is this the last frenzy before a dump? With this scale of accumulation, how could regular retail investors dare to follow? ENA feels like it’s always playing mind games. Is there some hidden agenda again? Kind of fed up with these tactics. When whales act like this, small retail investors can only chase the highs and sell the lows.

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FreeRider

· 2025-12-08 00:20

Well, accumulating again. Is this wave real or just trying to scare retail investors?

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