Not a sell-off: Ethena large investor's token transfer is a hardware wallet security precaution

Odaily News: According to monitoring by Guy Young, over the past 48 hours, users noticed that a large investor wallet was transferring tokens. Ethena founder and CEO Guy Young stated that the related transfers are security precautions related to recent hardware wallet concerns, not a transfer followed by selling tokens, nor do they indicate that the investor is dumping their holdings.