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TL;DR
A whale linked to Ethena Labs received 46.79 million ENA tokens from Bybit, worth $12.78 million, with part of the funds previously withdrawn from Coinbase. The whale now holds 451.94 million ENA tokens valued at $121.8 million.
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DeFiSmart ContractsLayer 1Ethena LabsENA tokenswhale activitycryptocurrencyBybit
According to ChainCatcher, OnchainLens monitoring indicates that a whale suspected of being associated with Ethena Labs recently received 46.79 million ENA tokens from Bybit, worth approximately $12.78 million at current prices. Of these, 21.79 million ENA tokens (approximately $5.23 million) originated from funds withdrawn from Coinbase by the same entity three and a half months ago.
The whale currently holds approximately 451.94 million ENA tokens, with a market value estimated at approximately US$121.8 million.