On November 12, 2026, at 15:48 UTC+8, Odaily reported that an address had deposited 18.91 million ENA, worth approximately $2.7 million, to Binance about two hours earlier. On-chain analyst Ai 姨 flagged the transfer as a possible sale, but the deposit alone does not establish that the tokens were sold.
According to the analyst, the address received the tokens from the Ethena Proxy contract between February and November 2026. ENA was $0.1772 when the tokens were received and $0.1432 at the time of the report—a decline of more than 19%. The analyst also said the address appeared to transfer ENA to exchanges periodically and suggested the activity might be related to unlocks involving a team, institutions or other related parties. That connection was not confirmed.