Address deposits 11.64M ENA worth $2.85M to Bybit
- —Address 0x93c…3C6B9 sent 11.64M ENA to Bybit
- —Deposit valued at roughly $2.85 million
- —Tokens originated from an Ethena Proxy address
- —Largest ENA deposit to an exchange in a year
Why it matters: A large ENA deposit to an exchange often signals intent to sell and can weigh on the token's price.
Source: PANews