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Unidentified address deposits $2.85M worth of Ethena tokens to Bybit, largest in a year.

Market News
12 Oct 2026
Tokenpost
View Source
Neutral
Unidentified address deposits $2.85M worth of Ethena tokens to Bybit, largest in a year.

An unidentified address transferred 11.64 million Ethena (ENA) tokens, valued at $2.85 million, to the Bybit exchange early Monday. The tokens originated from an Ethena Proxy address, marking the largest deposit from this address in nearly a year. The reason behind this significant transfer remains unknown, raising questions about potential market movements or strategic repositioning. Investors may watch for further activity or announcements related to Ethena tokens.

Ethena (ENA) shows strong trading momentum on Pluang with a 24-hour volume of Rp8,01 trillion and a market cap of Rp57,87 trillion as of Oct 12, 2026, 12:41 WIB. The token price is up 8.12% in the last day, supported by a high buy order activity of 76%. The typical hold time for ENA on Pluang is 44 days, indicating moderate investor confidence amid recent large token movements.

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Ethena price drops amid $3.45M team sale and $104M protocol outflows, testing $0.20 support level.

Ethena price drops amid $3.45M team sale and $104M protocol outflows, testing $0.20 support level.

Ethena (ENA) has fallen from $0.26 to around $0.219 after a reported $3.45 million token sale by the team and significant protocol outflows totaling about $104 million. The price drop pushed ENA below its 20-day EMA, signaling weaker momentum, while ...

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