ChainCatcher reported, citing on-chain analyst Ai Yi, that two wallets suspected to be linked to the Ethena team have transferred ENA worth $6.75 million to exchanges since Sept. 3. In the latest activity, the two addresses sent 19 million ENA to Bybit over the past 15 hours, with an estimated value of about $3.29 million. Ai Yi said both wallets received tokens from an Ethena multisig address two years ago and had shown no movement after that point. The recent batch deposits started after the token’s price rose, according to the monitoring data cited in the report. The wallets were identified as 0x2993...7383 and 0x969f...16aF.
According to ChainCatcher, citing on-chain analyst Ai Yi, two wallets suspected to be linked to the Ethena project team, 0x2993...7383 and 0x969f...16aF, have transferred ENA worth $6.75 million to exchanges since Sept. 3.
Over the past 15 hours, the two addresses deposited 19 million ENA to Bybit, valued at about $3.29 million.
The monitoring data said both wallets had received tokens from an Ethena multisig address two years ago and showed no transfers after that until recently. The report added that the wallets began making batch deposits after the token price moved higher.
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