A certain address deposited 18,910,000 ENA tokens valued at
Chain analyst Ai姨 detected a large transfer of 18.91 million ENA (worth $2.7 million) to Binance. Odaily cited Nansen data, stating that Hashed transferred 18.9 million ENA (about $2.7 million) to Binance. Additionally, Strobe Ventures has transferred approximately 102 million ENA, valued at around $15.3 million, to Coinbase since November 10, with signs of chain unlock selling drawing market attention.
Event Timeline
- [11-12 07:48] A certain address deposited 18.91 million ENA into Binance, valued at $2.7 million (PANews)
- [11-12 13:05] A transfer of approximately $2.7 million, 18.9 million ENA from Hashed to Binance (Odaily Planet Daily)
Background and Impact
On November 12, 2026, the crypto market saw a notable on-chain large transfer. According to Ai姨's monitoring (as reported by PANews), address 0xf5C…7a191 transferred 18.91 million ENA to Binance two hours prior, valued at $2.7 million, suspected as a sell-off. This address received these tokens from the Ethena Proxy contract between February and November 2026, when the price was $0.1772, now down to $0.1432, a drawdown exceeding 19%. Notably, this address appears to transfer ENA to exchanges periodically, which may relate to team, institutional, or related parties unlocking.
However, the attribution of this transfer differs between the two sources. Odaily Planet Daily, citing Nansen data, stated that Hashed transferred 18.9 million ENA (about $2.7 million) to Binance. It is clear that the two sources recorded slightly different transfer amounts (18.91 million vs. 18.9 million) and attributed the transfer to an anonymous address versus Hashed. Since both sources reference their own on-chain monitoring tools, this article does not resolve the discrepancy, and readers are advised to follow further on-chain evidence to confirm the actual transfer party.
In addition to the above transfer, the market also witnessed a larger institutional movement. According to Nansen monitoring, Strobe Ventures has transferred approximately 102 million ENA, valued at around $15.3 million, to Coinbase since November 10. The continuous multiple transfers initiated by suspected unlock-related addresses to exchanges indicate that early holders or institutions in the ENA ecosystem are persistently moving tokens to centralized exchanges. Combined with the price drop from $0.1772 to $0.1432, concerns about short-term supply pressure in the ENA market have intensified.
For ordinary investors, tracking such on-chain large transfers is a common method to assess market selling pressure. Regardless of the final confirmed transfer party, such deposits typically signal an increase in potential sell orders, and investors are advised to combine price trends with subsequent on-chain data for a comprehensive judgment. Additionally, if investors need to perform operations on various platforms, they can refer to the tutorial guides for Huobi, Huobi registration, Zizhao Opening Account, Bitget, and Binance to complete registration and deposit processes, enabling timely tracking of ENA and other assets' price movements.
Frequently Asked Questions
### Who specifically transferred ENA to Binance?
There is a discrepancy between the two sources: PANews, citing Ai姨's monitoring, stated it was an anonymous address 0xf5C…7a191, suspected to be related to team, institutional, or related parties unlocking; Odaily Planet Daily, citing Nansen data, claimed it was Hashed transferring 18.9 million ENA. The actual transfer party remains to be confirmed with more on-chain evidence.
### What is the scale of Strobe Ventures' transfer?
According to Nansen monitoring, Strobe Ventures has transferred approximately 102 million ENA, valued at around $15.3 million, to Coinbase since November 10. This scale is significantly larger than the 18.9 million ENA transferred to Binance.
### What is the current price of ENA, and what key events should be watched for next?
The price at the time of receiving the tokens was $0.1772, now down to $0.1432, a drawdown exceeding 19%. Subsequent attention should focus on whether related addresses continue to transfer ENA to exchanges, as well as actual selling activity on Binance and Coinbase.