Ethena project-related address deposits all 14 million ENA into Bybit, suspected liquidation

PANews reported on September 4 that, according to monitoring by on-chain analyst Aunt Ai, an address associated with the Ethena project appears to have cleared its position after being dormant for 2 years. All 14 million ENA tokens (worth $6.89 million at the time of receipt, at a token price of $0.4928) were deposited into Bybit 6 hours ago, leaving only $2.41 million, a decrease of $4.48 million from the time of receipt and a decrease of more than $8.735 million from the peak.