Ethena (CRYPTO:ENA) Labs recently distributed a generous airdrop, dispersing $450 million in tokens to assorted participants.

Among the beneficiaries, the largest single receiver was a wallet identified as 0xb56, which landed a significant haul of nearly 3.3 million Ethena (ENA) tokens.

This allocation translated to an impressive value of $1.96 million.

The distribution, executed on April 2, made headlines thanks to the substantial sums involved and was meticulously analysed by Arkham Intelligence, shedding light on the scale and recipients of the airdrop.

Notably, this event positioned Ethena Labs prominently within the cryptocurrency community, highlighting the distribution as a noteworthy example of the potential benefits for participants in token ecosystems.