Not a Sell-Off: Ethena Large Holder's Token Transfer Is a Hardware Wallet Security Precaution

Odaily News: According to monitoring by Guy Young, over the past 48 hours, users noticed that a large investor's wallet was moving tokens. Ethena founder and CEO Guy Young stated that the transfers in question are security precautions related to recent hardware wallet concerns, and do not represent tokens being sold after transfer, nor do they indicate that the investor is dumping their holdings.