Ethena Labs Transfers 23.3M ENA Tokens Worth $4.74M to FalconX

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Ethena Labs transferred 23.3 million ENA tokens, worth about $4.74 million, to FalconX on December 19, 2025, per Onchain Lens. The wallet still holds 123.4 million ENA, valued at roughly $25 million. What is ENA? It is the native token of the Ethena ecosystem. The move comes amid growing interest in crypto markets and token utility.
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