.@ethena just sold all of it's $MEGA

for the first time since becoming the dominant liquidity provider on @megaeth and farming the majority of available $MEGA emissions, a wallet linked to @ethena moved it's entire stack of roughly 15m $MEGA ($915k) to @wintermute_t around 8h ago, most likely an OTC deal

could be standard treasury management, but considering the current economics of some of the strategies(mostly unprofitable) they are running on Mega, this looks a lot more like de-risking to me

u still holding anon?

https://x.com/0xNeptun/status/2060432216556191968