Two wallets flagged by on-chain analyst Ai Yi as possibly linked to the Ethena project have transferred ENA worth $6.75 million to exchanges since Sept. 3, according to an Odaily report. In the most recent activity, the two addresses deposited 19 million ENA to Bybit over the past 15 hours, valued at about $3.29 million based on the figures cited in the report. Ai Yi said both wallets had received tokens from an Ethena multisig address two years ago and had not moved those holdings until recently. The transfers began after a rise in ENA’s price, with the wallets now sending tokens to exchanges in batches. The report described the activity as a suspected full-position exit, though it cited on-chain monitoring rather than an official statement from Ethena.
Two wallets identified by on-chain analyst Ai Yi as possibly related to the Ethena project have transferred ENA worth $6.75 million to exchanges since Sept. 3, according to Odaily.
Over the past 15 hours, the two addresses deposited 19 million ENA to Bybit, worth about $3.29 million based on the figures in the report.
Ai Yi said both wallets had received tokens from an Ethena multisig address two years ago and had not moved them afterward. The wallets started making batch deposits recently after ENA’s price rose.
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