Big ENA Purchase Fails to Spark Momentum as Ethena Buyers Stay on the Sidelines

TL;DR:

• A wallet attributed to the firm Amber Group withdrew 38.89 million ENA tokens, valued at $3.58 million, from the Binance platform in the early days of August 2026.
• Net inflow to exchange platforms maintained an estimated positive balance of $325,000 for three consecutive days through August 7, 2026.
• Capital inflows into linked DeFi protocols showed a negative record of -$5.04 million in a 48-hour period ending August 7, 2026.

Large investors are accumulating tokens, but fail to give Ethena the momentum it needs in the secondary market with hours to go before the end of the first week of August. A wallet identified by on-chain tracking services acquired a significant mass of the asset without generating a massive buying reaction among retail traders.

An address labeled by the analytics firm Arkham and associated with Amber Group transferred 38.89 million tokens from Binance to a private wallet. That transaction was part of a broader withdrawal of various assets that reached $9.97 million during the same period.

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