Addresses linked to Amber Group, Ethena deposit $13.2M in ETH

Two anonymous addresses, presumed to belong to crypto market maker Amber Group and the Ethena (ENA) Foundation, deposited a combined 3,956 ETH ($13.24 million) to Coinbase and Binance approximately seven hours ago, according to on-chain analyst The Data Nerd. The analyst added that, in contrast, an address believed to be associated with Arrington Capital withdrew 5,500 ETH ($18.51 million) from Coinbase. Exchange deposits are typically interpreted as a potential intention to sell, while withdrawals suggest an intent to hold or buy.