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Gladys Makena

Ethena Labs sends 101.79M ENA to exchanges as price hovers near $0.20 support

Ethena Labs transferred 101.79 million ENA worth $20.9 million to several centralized exchanges while ENA price held above the $0.20 support and traded around $0.2127. Despite the weekly decline and structurally bearish setup, on-chain data showed sustained whale participation and spot buying that temporarily absorbed sell pressure.