YZi Labs' associated address transfers 47.85 million ENAs worth $10.13 million to Binance

The address starting with 0x877b marked as YZi Labs transferred 47.85 million ENAs worth approximately $10.13 million to the Binance Deposit address on October 13th. The address still holds 268 million ENAs worth approximately 56.22 million US dollars. YZi Labs participated in Ethena's $14 million seed funding round in February 2024, with a valuation of $300 million at the time.