Address Deposits $2.85 Million Worth of Ethena (ENA) to Bybit After One-Month Gap

Enna Lee

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Address Deposits $2.85 Million Worth of Ethena (ENA) to Bybit After One-Month Gap

The transfer involved 11.64 million ENA tokens from an Ethena Proxy address. Its purpose was unknown.

By Enna Lee

Published Oct 12, 2026, 1:24 AM EDT

Metallic teal token entering a secure exchange deposit slot / TokenPost.ai

An unidentified address deposited 11.64 million Ethena (ENA) tokens worth $2.85 million to Bybit at 1:21 a.m. ET (05:21 UTC) Monday, marking another such transfer after about one month.

The tokens came from an Ethena Proxy address. The deposit was the address’s largest in nearly a year.

The purpose of the transfer was unknown.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.