Addresses Linked to Ethena Deposit 19 Million ENA to Bybit

Two addresses associated with Ethena have deposited 19 million ENA tokens, worth approximately $3.29 million, into Bybit over the past 15 hours. Monitoring data indicates these addresses have transferred a total of $6.75 million worth of ENA to centralized exchanges since September 3. The tokens originated from an Ethena multi-signature wallet two years ago and remained dormant until the recent surge in token price.