Ethena Labs Withdraws 25 Million ENA From Bybit as ENA Wallet Reaches 779.89 Million ENA ($207.7M)

COINOTAG News, citing Onchain Lens monitoring, reports a fresh ENA token transfer. Ethena Labs’ wallet moved 25 million ENA from Bybit custody, valued at about $7.05 million, with the transfer logged 13 minutes ago. The operation underscores active liquidity management within the crypto ecosystem.

The same address currently holds 779.89 million ENA, worth approximately $207.7 million, based on latest pricing. This consolidated position highlights substantial exposure to the ENA token in the Ethena Labs treasury, with potential implications for market depth and liquidity across related venues.

Market observers will continue to monitor for additional disclosures from Ethena Labs and its exchange counterparties to corroborate fund flows and assess risk posture in the digital asset space.