Ethena (ENA) Sees 125 Million ENA Withdrawn from CEX as New Wallet Receives 1.0535 Billion ENA from Coinbase Prime

COINOTAG News, citing Onchain Lens data, reports that an Ethena-associated address withdrew 125 million ENA from a CEX, equating to about $34.15 million. The on-chain move underscores ongoing liquidity reallocation around the ENA token and may reflect treasury repositioning within the Ethena ecosystem.

A new wallet, 0xa19, received 1.0535 billion ENA from Coinbase Prime, worth roughly $28.7 million, signaling substantial custody or deployment actions on the ENA ledger.

Separately, wallet 0x631… withdrew 20 million ENA from Bybit, worth $5.45 million, and currently holds a total of 305.15 million ENA, worth $88.67 million, illustrating continued reserve movements within ENA holdings.