Wallet linked to Ethena team withdraws over $68M in ENA from exchanges
- —$13.1 million in ENA withdrawn from Bybit about two hours before the report
- —$55.16 million in ENA withdrawn from Coinbase
- —Ethena posted a series of transaction hashes on X eight hours earlier
- —The content of the post remains undisclosed, fueling market speculation
Why it matters: A large exchange withdrawal by a team-linked wallet plus an unexplained on-chain post could signal an upcoming Ethena announcement, a key driver for ENA price.
Source: PANews