Ethena Labs Transfers 18.36M ENA to Bybit, Retains 20.118M ENA in Liquidity Pool
ENA/USDT
$169,654,235.63
$0.1299 / $0.1231
Change: $0.006800 (5.52%)
-0.0003%
Shorts pay
As of December 20, Onchain Lens records a notable move by Ethena Labs, with a deposit of 18.36 million ENA into Bybit, valued at about $3.75 million. The action highlights ENA token liquidity management and cross-exchange activity in the evolving ENA ecosystem.
Two years earlier, Ethena Labs withdrew 34.65 million ENA from Gate (roughly $28.25 million at the time) and earned an additional 3.38 million ENA ($1.32 million) as a staking reward, underscoring historical yield channels within the ENA stack.
Current holdings show 20.118 million ENA remaining in the ENA liquidity pool, around $4.23 million, reflecting ongoing reserve and liquidity strategies in the ENA market.