On-chain data shows that Ethena recently transferred 3,849.99 ETH to asset management platform Copper. According to Arkham's real-time tracking, this transfer occurred at 17:19 today, equivalent to approximately $8.62 million at the current market price, setting a new record for large daily institutional transfers. The fund flows between Ethena and Copper often indicate strategic adjustments by market participants, warranting attention to subsequent developments.

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