Two whales 0xd38 and 0x29f just withdrew 8.592M ENA ($11.83M) from Binance and then staked all the tokens to the "Ethena: LP Staking" contract in the past 15 minutes:

1. Whale 0xd38 withdrew 4.5M ENA ($6.18M) at $1.373 on average:

• address: 0xd380ab76b42254992622b7272335d1bb37667246

• Check out whale 0xd38's ENA visualizer here

Notably, the whale used to claim 2.085M ENA from the project-related wallets at $0.68 on average ($1.42M) on April 2 and 4, 2024, and then deposited those tokens to Binance at $0.654 on average ($1.36M), shortly after receiving.

Fig 1. Whale 0xd38's overall ENA deposits and withdrawals.

2. Whale 0x29f withdrew 4.092M ENA ($5.65M) at $1.379 on average for the first time:

• address: 0x29fec057b86ef46d240bd271837369f5715335ef
• Check out whale 0x29f's ENA visualizer here

Fig 2. Whale 0x29f withdrew 4.092M ENA ($5.65M) from Binance at $1.379 on average for the first time.

The ENA price pumped 21.46% in the past 24 hours after the Ethena Labs introduced Season 2, which allows those staking ENA to earn more tokens as rewards.

Fig 3. Spot On Chain's AI Bot detected several ENA withdrawals from Binance by whales.