An Ethena-linked wallet transferred 170 million ENA tokens, worth approximately $14.09 million, to FalconX during the latest tracked whale activity. These tokens originated from Ethena’s Gnosis Safe, fueling potential distribution concerns in the secondary market. The transfer introduced significant supply pressure as ENA struggled to sustain its recovery, especially since spot netflows reached $375.51K. Despite these concerns, buyers defended the ascending support around $0.0817, with the price rebounding to $0.0842, while the key $0.09 resistance level remains a significant barrier for a sustained recovery.
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