TL;DR
140 million ENA tokens were withdrawn in four days as the price continued sliding below $0.65.
Trader faces $1.85M loss on ENA long; adds $1.7M USDC to avoid liquidation.
ENA tests key support near 200 EMA and Fibonacci zone, with bulls eyeing possible bounce.
140 Million ENA Removed From Exchanges
Over a four-day span, 140 million Ethena (ENA) tokens were taken out of exchanges. The data, shared by analyst Ali Martinez, shows a drop in exchange supply from 1.3 billion to 1.16 billion ENA between August 17 and August 21, 2025. The chart used confirms the steady outflow over that time.
140 million Ethena $ENA withdrawn from exchanges in the last 96 hours! pic.twitter.com/hGaO0ESDT0
— Ali (@ali_charts) August 22, 2025
Despite these withdrawals, the ENA price fell from above $0.80 to around $0.64. Withdrawals of this scale often suggest reduced sell-side pressure. However, the continued price drop points to weak demand or possible off-exchange trading activity.
As of press tim
We współpracy z: https://cryptopotato.com/140000000-ena-pulled-off-exchanges-in-4-days-will-price-react/
