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Suspected Ethena Labs linked wallet bought 260.15 million ENAs from Bybit and Coinbase Prime in the past two weeks

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2025-11-21 02:15:14
According to Onchain Lens, in the past two weeks, a wallet suspected of being associated with Ethena Labs has bought 260.15 million ENA tokens from Bybit and Coinbase Prime, which is about $78.66 million at current value.
At present, the market value of these ENA tokens has dropped to $66.55 million, with a floating loss of $12.10 million.
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