Institutional actions spark the mystery of ENS ownership

Ethena transferred 100,000 ENS tokens to Coinbase Prime in three days, indicating that institutional investors may reconfigure and growing interest in the Ethereum naming protocol. This move highlights the growing widespread use of ENS in DeFi and domain name services, although its liquidity and volatility remain high. Coinbase has confirmed receiving the ENS token, but has not disclosed its strategic details, while Ethena has not commented yet. Driven by the use of Web3 and NFT, ENS domain name registrations have exceeded 3 million. Market reactions show that ENS prices fluctuate in the short term, but the long-term trend is still unclear.