An address transferred approximately 18.91 million ENA to Binance.

TechFlow reported that on November 12, according to monitoring by Ai Yi, an address deposited approximately 18.91 million ENA into Binance, valued at around $2.7 million.

The address previously received the relevant tokens from the Ethena Proxy contract. Ai Yi noted that the address appears to periodically transfer ENA to exchanges, likely in connection with token unlocks for the team, institutions, or related parties.