An address associated with the Ethena team has deposited all 14 million ENA tokens into an exchange, suspected to be a full liquidation.

According to ChainCatcher, on-chain analysts have monitored that an address associated with the Ethena project team has suspectedly liquidated its holdings after two years of dormancy. 14 million ENA (valued at $6.89 million when received, with a token price of $0.4928) were fully deposited into an exchange six hours ago, leaving only $2.41 million. This represents a decrease of $4.48 million from the initial value received and a drop of over $8.735 million from its peak value.