Ethena Labs Withdraws 25 Million ENA Worth $7.05M From Bybit as ENA Wallet Reaches $100.13M

COINOTAG News reported on November 29 that, according to Onchain Lens, an Ethena Labs address moved 25 million ENA tokens, valued at roughly $7.05 million, in a withdrawal from Bybit six hours earlier.

The wallet now holds 3.5515 billion ENA, equating to about $100.13 million in market value, signaling ongoing liquidity movement and comprehensive asset tracking across major venues.

Market participants should monitor live blockchain analytics for continued crypto liquidity shifts in ENA, as institutions rebalance exposure on centralized exchanges and related ecosystems.