According to BlockBeats, a multi-signature address beginning with 0xC69 has pledged 7 million ENA tokens to Ethena. This transaction was observed by on-chain data analyst @ai_9684xtpa and took place 10 hours prior to the report on June 14. Since June 11, this address has accumulated a total of 16.33 million tokens pledged, with a total value of 11.61 million USD.

In addition to this, the same address has also purchased ENA PT due to expire on August 29, valued at 8.43 million USD, and USDe PT due to expire on July 25, valued at 7.21 million USD. These purchases indicate a significant investment in both ENA and USDe tokens, suggesting a strong belief in the potential of these digital assets.