YZi Labs-associated addresses transferred over 47.85 million ENA to Binance, worth over $10 million.

According to Arkham data, the address flagged as YZi Labs (starting with 0x877b) transferred approximately 47.8549 million ENA to Binance deposit addresses in 40 transactions on October 13, with a total transfer value of approximately $10.1365 million. Currently, the address still holds approximately 268 million ENA (worth approximately $56.22 million). Reports indicate that YZi Labs previously participated in Ethena's $14 million extended seed round, completed in February 2024, when the project was valued at $300 million.