The project team linked its multi-signature wallet to transfer a total of 17 million ENA to multiple CEXs through Flowdesk, which may be part of the token unlocking.

Odaily News According to Spot On Chain monitoring, about an hour ago, a multi-signature address associated with the Ethena project recharged 17 million ENA, worth approximately US$5.68 million, to the three major exchanges Binance, Gate and Bybit through Flowdesk.
On-chain information shows that this batch of tokens was released from the @ethena_labs smart contract three days ago, and may be part of the 171.88 million ENA (accounting for 2.82% of the circulating supply, with a total value of approximately US$54.56 million) planned to be unlocked today.