According to the chain analyst @ai_9684xtpa monitoring, there is only one week left until the end of the second quarter of the Ethena airdrop activity (September 2). At present, Ethena TVL is 2.92 billion US dollars, which has fallen below 3 billion US dollars. Compared with the peak of TVL in early July (3.612 billion US dollars), the loss exceeds six hundred million US dollars. Three Abraxas Capital MGMT addresses redeemed $91.22 million of USDe from Ethena in the past week, ranking first among redemption addresses.