Ethena reaches December 2025 levels – Can ENA flip $0.30?
A wallet at 0xd0A4 moved 18.34 million ENA from Gate, Bybit, OKX, and Binance, and the amount was described as about $5.13 million. Another piece framed the same 18.34 million ENA as a purchase by an Ethena whale, also at about $5.13 million.
What this rests on
What it means
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Ethena traders and exchange users would notice that 18.34 million ENA was pulled from Gate, Bybit, OKX, and Binance in one transaction. The move is visible in the market because the wallet was identified and the amount was put at about $5.13 million.
Before this, the same ENA amount was described as a whale purchase, and that leaves the practical reading of the transfer unchanged from the text alone: 18.34 million ENA and about $5.13 million are the figures that remain attached to it. What changes is the framing attached to the movement, while the exchanges named and the token amount stay the same.
It is still not clear from these items whether the 18.34 million ENA was first withdrawn and then later described as a purchase, or whether those are two ways of describing the same wallet activity. A fuller transaction trail for address 0xd0A4, including timestamps and on-chain direction, would settle that.
Market reaction
How the story was built
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 22 days ago | Ethena expands USDe backing strategy into bStocks and equity perpetuals on Binance event | 1 actors in common · 7 news media |