Hack VC-linked wallet moves $3M in ENA
By Liezl Gambe- A wallet linked to Hack VC moved 21.85 million ENA to Wintermute.
- The tokens were worth about US$3 million at the time of the transfer.
- The move was flagged as a suspected sale after ENA rose 58.09% in one week.
A wallet linked to Hack VC transferred 21.85 million Ethena (CRYPTO:ENA) tokens to Wintermute.
The transfer involved multiple intermediary wallets and was worth about US$3 million.
On-chain analyst Ai Yi flagged the transaction as a suspected sell-off, rather than a confirmed sale.
ENA was trading at about US$0.1478 when the transfer was reported.
The token had gained 58.09% over the previous week, according to the report.
Wintermute is a crypto market maker that can handle large token transfers and provide trading liquidity.
The wallet's link to Hack VC is based on on-chain tracking, so the firm's ownership should be treated as an attribution rather than confirmed disclosure.
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