The on-chain monitoring platform Onchain Lens has detected a suspicious large transfer: a mysterious address suspected to be associated with Ethena Labs recently received 46.79 million ENA tokens from a major exchange, equivalent to approximately $12.78 million at current prices.

A more intriguing detail is that 21.79 million ENA (worth approximately $5.23 million) came from a wallet that withdrew coins from a compliant platform just three and a half months ago. The current holdings of this wallet are quite astonishing: 451.94 million ENA, with an estimated market value of up to $121.8 million.

The timing and scale of this operation make one think several layers deeper. Is the project team holding back a big move? Or is a certain whale quietly making arrangements?

ENA16.58%

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AirdropHarvester

· 7h ago

Wow, 450 million ENA? What a huge mine that must be. By the way, they started lying in ambush three and a half months ago, this guy is really ruthless. Is Ethena hinting at something... feeling a bit uneasy. With this number coming out, it seems like someone is going to get played for suckers again. The operations of the Large Investors this time are truly outrageous. Should I buy the dip or rug pull? Damn, it's another one of those mysterious Wallet situations, really can't see through it. With 1.2 billion dollars in Holdings, what kind of identification does this guy have? Feels like something's about to happen, this wave doesn't seem right.

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MetaNeighbor

· 7h ago

Eh, it's this routine again, exchange withdrawal—mysterious wallet—big pump eve, I've seen this script before. Wow, 120 million dollars in holdings, that must be a huge investor... Wait, the coins withdrawn three and a half months ago are only now appearing, they must have a lot of patience. Something's off, it feels like they're setting the stage for the upcoming market. Here comes the hype about the big wallet again, they always manipulate public opinion like this.

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BrokenRugs

· 7h ago

Oh no, is this a market maker whipsaw or is it really going to da moon? Wait, where did this money come from? Feels a bit off. Four to five hundred million ENA held in one wallet? I'm dumbfounded. Damn, this timing, why does it feel like it's paving the way for something? Another "mysterious address," the scriptwriting skills are impressive. How much confidence must one have to dare to invest so much money? Is ENA going to take off? Or is there something we don't know? It took three months to start moving, which is quite interesting. Can anyone tell me this wallet ID? I need to keep an eye on it.

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ChainChef

· 7h ago

ngl this smells like someone's been marinating a serious position for months... that timing is *chef's kiss* sus

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NewDAOdreamer

· 8h ago

Wow, this number really can't hold up anymore. Is the whale playing with fire or is the project party doing this themselves? There are too many doubts about ENA's operations this time; someone should have investigated it long ago. It's the old trick of "mysterious address" again, and every time someone catches a falling knife. $120 million in open interest... if there's dumping, I'll eat dirt directly. Three and a half months of withdrawing coins and then suddenly hoarding? Something's off, everyone. If the project party really had a big move planned, they would have leaked it on-chain already, why bother with Lens capturing packets? It feels like we're about to start that cycle of "favourable information will be officially announced soon" hype again. Hey, don't say anything, let me see who's behind the scenes manipulating this. This open interest is enough to dump ENA. What are they thinking?

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