Ethena-linked address deposits 14M ENA to Bybit, likely exit

TREE NEWS reports: An address linked to Ethena’s project team deposited all 14 million ENA tokens into Bybit six hours ago, likely signaling a full exit after two years dormant. The tokens, worth $6.89 million at receipt (price $0.4928), are now valued at $2.41 million, a loss of $4.48 million from acquisition and over $8.735 million from peak value.