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Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation↗
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Crypto

Ethena founder wallet executes significant USDC and ENA moves

11/25/2025, 22:06
AI SUMMARY
●• Ethena-linked wallet withdraws 11.1M USDC from CEXs
●• Entity deposits 1.5M USDC to Hyperliquid and buys 2.67M ENA
●• Moves suggest active accumulation by project leadership
On-chain analytics have detected significant activity from a wallet associated with Ethena's founder, 'Guy'. The address withdrew approximately 11.1 million USDC from centralized exchanges Binance and Bybit into a newly created wallet. Following the withdrawal, the entity deposited 1.5 million USDC into the decentralized exchange Hyperliquid. Subsequently, the wallet purchased approximately 2.67 million ENA tokens, valued at around $750,000, signaling potential accumulation or market positioning.

Sources (1)

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