According to ChainCatcher, on-chain analyst Yujin has monitored that after Ethena announced on July 21 that StablecoinX would use ENA as reserves, an address associated with the Ethena project team began transferring ENA. A total of 150 million ENA (worth $77.35 million) has been sent to a certain exchange over the five days since the announcement, with the most recent transfer to the exchange occurring two hours ago.