Ethena Team Deposits 150M ENA to Centralized Exchange
- Ethena team deposited 150M ENA tokens to a CEX.
- The deposit is valued at $77.35 million.
- ENA price gained 10% post-deposit.
The Ethena project team deposited 150 million ENA tokens, valued around $77.35 million, into a centralized exchange in July 2025, with no official comment yet from Ethena Labs.
This deposit could affect ENA’s market dynamics, potentially influencing ENA’s price movement while raising speculative discussions among the crypto community, though no immediate adverse effects are evident.
The Ethena team’s associated address recently moved 150 million ENA tokens worth $77.35 million to a centralized exchange. This action took place in July 2025 and involved distributing the tokens over multiple transactions. Ethena deposits $77.35M ENA tokens to centralized exchange
Ethena, a DeFi protocol focusing on stablecoin products, executed the transfer from a team-related address. Ethena CEO Guy Young has not provided an official statement regarding the deposit nor has the core team addressed it.
The transfer’s immediate effect on the market was notable, with ENA token prices increasing 10% despite a general altcoin downturn. This boost implies significant interest and confidence in Ethena’s strategic moves. Ethena deposits 150M ENA tokens to CEX, market reacts positively
Although no direct statements from major crypto figures were issued, Arthur Hayes previously praised Ethena’s incentive developments. Regulatory actions or market strategies have yet to clarify the transfer’s explicit motivations and potential consequences.
Community speculation on potential team liquidations, market strategies, or partnerships is high. Observations point to possible involvement in ecosystem funding, market making, or fulfilling obligations.
On-chain data analysis shows the ENA transfer did not lead to a tangible liquidity drain or trading volume surge. Comparisons with historical trends suggest market perception may stabilize without further institutional announcements or team clarifications.
Arthur Hayes, Co-founder, BitMEX, “Ethena’s incentive structure and execution are creating the most interesting synthetic dollar product in DeFi right now.”Source
