Ethena Labs Wallet Withdraws 25 Million ENA, Bringing Total ENA Withdrawn to 405.15 Million From Bybit and Coinbase Prime

According to LookIntoChain monitoring and reporting from COINOTAG News, a wallet linked to Ethena Labs moved another large tranche of ENA tokens. The transfer totaled 25 million ENA, worth about $6 million, withdrawn from Bybit three hours ago.

Since November 7, the same wallet has withdrawn a cumulative 405.15 million ENA tokens, valued at roughly $96.8 million, across Bybit and Coinbase Prime.

These disclosures illustrate ongoing scrutiny of cross-exchange activity and ENA liquidity dynamics. Investors and traders should monitor subsequent updates from analytics providers and exchanges to gauge potential market impact and risk signals.