Ethena Team's ENA Token Holdings Fully Liquidated After Two Years of Dormancy

An address associated with the Ethena team has made a significant move that has left analysts suspecting a full liquidation of their holdings. According to ChainCatcher, an on-chain monitoring service, this address had been dormant for two years before depositing all 14 million ENA tokens into an exchange just six hours ago.

The value of these tokens was $6.89 million when received, with a token price of $0.4928. This means that the team's holdings have decreased by over $4.48 million from their initial value and by more than $8.735 million from its peak value.