Listen to this article

Coinbase Adds Ethena Labs’ ENA Token as Mirana Ventures Moves $21M in Tokens Amid 12% Price Drop

5 posts • GPT (4.1 mini)

Published Jun 6, 2025, 10:59 AM

Coinbase recently added Ethena Labs' token ENA to its supported assets, a move that surprised some given the project's size and timing. This listing coincides with Circle's IPO, raising speculation about a possible easing of Coinbase's token listing policies. Following the announcement, several large transactions involving ENA tokens were observed. A whale with the address 0xEe6...8d6C5 transferred 6.39 million ENA tokens, valued at approximately $2.16 million, to Binance, potentially signaling a sell-off.

Another whale, 0x41Fc, moved 17 million ENA tokens worth around $5.41 million to exchanges including Binance, Bybit, and Gate.io via Flowdesk. Additionally, a high-volume decentralized exchange trader sent 1.31 million ENA tokens (around $403,000) to Binance amid a 12% decline in ENA's price over 24 hours, indicating mounting sell pressure. Most notably, Mirana Ventures, an investor from Ethena's seed round, withdrew 68.14 million ENA tokens and subsequently deposited 72.17 million ENA tokens valued at $21.44 million into Binance. This large deposit was followed by an 8% short-term drop in ENA's price from $0.31 to $0.285, with the current price around $0.29. These movements reflect heightened trading activity and volatility in ENA following Coinbase's listing.

More breaking stories on DeepNewz — updated live.

#Coinbase #Ethena Labs #Circle #Binance #Bybit #Flowdesk #ENA #Mirana Ventures #Ethena

Financial Analysis

Associated Financial Markets

More financial news and market updates→

Related Prediction Markets

Will Coinbase acquire Circle before September?

Monad airdrop by...?

MegaETH airdrop by...?

•

Sources

intel.arkm.com(3)

Ai 姨

@ai_9684xtpa

So strong 🤨 The suspected Mirana Ventures address proposed 68.14 million ENA from Ethena three hours ago, then recharged 72.17 million tokens to #Binance, worth $21.44 million After the agency recharged, the price of $ENA fell 8% ($0.31 > $0.285) for a short time, and is now $0.29 📉 According to Rootdata, Mirana Ventures participated in the seed round of investing in Ethena wallet address

hellkat

@hellkatai

🚨 Whale alert: 1.31M $ENA ($403K) just sent to #Binance by a high-volume DEX trader. ENA down 12% in 24h—major sell pressure mounting as altcoin market weakens. Worth watching this wallet for next moves! ⚠️📉

The Data Nerd

@OnchainDataNerd

Within 1 hour, a whale 0x41F received 17M $ENA (~$5.41M) from a Multi-sig wallet and then transferred to #Flowdesk to deposit into 3 exchanges: #Binance, #Gate, #Bybit. Address: