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A wallet believed to be linked to Maven11 Capital just moved 10M ENA tokens (worth approximately $2.05M) to a major trading platform roughly 20 minutes ago.
Looking back at last month's activity on this address, things get more interesting. The wallet received 18.18M ENA through vesting (~$4.48M), and subsequently transferred 3.68M ENA (~$1.06M) to the same trading venue.
This pattern of consistent deposits following vesting releases suggests ongoing portfolio rebalancing or liquidity management by the institution. The ENA token continues to see notable institutional activity, with these large wallet movements potentially signaling shifts in positioning.