Million

Ethena

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ethena’s recent transfers are likely part of this week’s ENA token unlock.</li>
 <li>On-chain data shows that over $21 million in ENA were sold via DEXs or sent to Binance.</li>
</ul>
<p>According to on-chain reports, in the past 24 hours, Ethena transferred millions of dollars in ENA to 33 addresses, likely part of the ENA token unlocks.</p>
<h2 id="ethena-transferred-over-94-million-ena-to-33-addresses">Ethena Transferred Over 94 Million ENA to 33 Addresses</h2>
<p>Spot on Chain noted earlier today, that Ethena Labs multi-sig transferred 94.16 million ENA, worth around $33.7 million at the time of the post.</p>
<p>The amount was sent to 33 addresses, and it’s probably part of the ENA token unlock that was scheduled for today.</p>
<p>More than 2,06 million ENA tokens worth over $1 million at current prices are unlocked today as part of the <a href="https://crypto.ro/en/news/top-8-token-unlocks-this-week-march-3-8/" rel="noopener noreferrer nofollow">top token unlocks </a>we mentioned for the week.</p>
<p>Spot on Chain continued and revealed that so far, 59.3 million ENA tokens worth $21.08 million at the time of the post have been sold on decentralized exchanges or sent to Binance at an average price of $0.355.</p>
<p>ENA token recipients include the following:</p>
<ul>
 <li>OKX Ventures – received 17.87 million ENA</li>
 <li>Curve’s founder, Michael Egorov – received 2.8 million ENA</li>
</ul>
<p><a href="https://x.com/spotonchain/status/1897496651557953811" rel="noopener noreferrer nofollow" target="_blank">Spot on Chain</a> noted that both have deposited all their ENA tokens to Binance.</p>
<p>Now the multi-sig Ethena wallet still holds 1.22 billion ENA worth over $433 million at the time of the post and it could continue distributing more tokens soon.</p>
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" src="https://pbs.twimg.com/media/GlVC02mbIAEceqH?format=jpg&amp;name=4096x4096" alt="Spot on Chain via X" width="2152" height="1316" title="Ethena Transferred $33.7M in ENA to 33 Addresses 21">
 <figcaption>
  Spot on Chain via X
 </figcaption>
</figure>
<h2 id="ena-price-trajectory-today">ENA Price Trajectory Today</h2>
<p>At the moment of writing this article, ENA is trading above $0.388, up by under 1% for the day.</p>
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2025/03/ENA_1D_graph_coinmarketcap-1.jpeg" rel="noopener noreferrer nofollow"><img loading="lazy" src="https://crypto.ro/en/wp-content/uploads/2025/03/ENA_1D_graph_coinmarketcap-1.jpeg" alt="ENA price in USD today" width="1200" height="800" title="Ethena Transferred $33.7M in ENA to 33 Addresses 22"></a>
 <figcaption>
  ENA price in USD today
 </figcaption>
</figure>
<p>ENA recorded high volatility in the past 24 hours due to buying/selling pressure triggered by the token unlock event today.</p>
<p>The coin surged from $0.34 levels to over $0.41 earlier today, reaching a market cap of over $1.32 billion before cooling off at current levels of around $1.25 billion market cap.</p>
<p>About half an hour ago, ENA’s price dropped by around 6%.</p>
<p>Ethena is a synthetic dollar protocol built on Ethereum.</p>

Ethena Transferred $33.7M in ENA to 33 Addresses

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