In a significant move, the Ethena team and B2C2 have collectively deposited over 9,500 ETH into major cryptocurrency exchanges. According to The Data Nerd, Ethena transferred 6,500 ETH, valued at approximately $12.58 million, to Binance. Meanwhile, B2C2 deposited 3,050 ETH, worth around $5.89 million, into Coinbase. These transactions occurred within the past 10 hours, highlighting active trading strategies by both entities.