According to Odaily Planet Daily, according to the monitoring of on-chain analyst @ai_9684xtpa, the market rebounded, and the address 0xC6D...926d9 withdrew 3.72 million ENA (worth 4 million US dollars) locked in Ethena two weeks ago nine hours ago, and then recharged it into Binance, suspected of selling.

When the ENA was transferred out, the price was $1.28. If all of these tokens were sold, a loss of $708,000 would occur. There are still 2 million ENA in this address, and it seems that the person wants to reduce his holdings to relieve the pressure.