Anchorage Digital Boosts $ENA Holdings As Ethena Labs Faces Scrutiny And $USDe Gains Momentum

In a significant move, a newly active wallet, 0xc04—associated with Anchorage Digital—made a notable withdrawal of 10.7 million $ENA (worth approximately $3.96 million) from Binance just 8 hours ago.

This transaction stands as Anchorage Digital’s largest single $ENA trade to date, positioning $ENA among its top assets.

The fresh wallet 0xc04 (linked with Anchorage Digital) withdrew 10.7M $ENA ($3.96M) from Binance 8 hours ago.

This marks Anchorage Digital's largest ENA trade and makes it one of the top assets for this entity.$ENA price has dropped 43% since its launch in April 2024.

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— Spot On Chain (@spotonchain) November 1, 2024

The backdrop to this move is a challenging period for $ENA. Since launching in April 2024, $ENA’s price has slid 43%, with Ethena Labs, the token’s creator, recently facing accusations over the alleged misuse of 180 million $ENA tokens in an “unfair farming” scheme. This controversy has raised concerns in the community and added pressure to $ENA’s valuation.

BIG BREAKING!!