Ethena Exchange Inflows Top 300 Million ENA in Past Month
Uk Jin
Summary
- Ethena's circulating supply on exchanges increased by more than 300 million tokens over the past month.
- Ali Martinez, citing Glassnode data, said more than 300 million Ethena tokens were deposited into exchanges over the past month.
- Crypto moving from private wallets to exchanges is generally interpreted as preparation for selling.
More than 300 million Ethena tokens have flowed into exchanges over the past month, lifting the amount of ENA held on trading platforms.
On June 23, on-chain analyst Ali Martinez, citing Glassnode data, wrote that more than 300 million ENA tokens had been deposited into exchanges in the past month.
Crypto assets moving from private wallets to exchanges are generally interpreted as a sign of potential selling.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
