“Not a sell-off”: Ethena CEO says investor’s on-chain moves were a security precaution

Your call?🐂 Bullish🐻 Bearish

48 hours

transfer window

$ENA

$0.1967

-6.6%

$USDE

$4.77B mcap

Ethena founder and CEO Guy Young has said that the large investor onchain transfers that occurred over the past 48 hours were a defensive move tied to the recent Ledger hardware wallet scare. He wrote in a post on X that it is not a sign…