Ethena Labs-linked address withdraws $78.66M in ENA from exchanges

An address associated with Ethena Labs has withdrawn 260.15 million ENA, valued at $78.66 million, from Bybit and Coinbase Prime over the past two weeks, Onchain Lens reported. The holding is currently at an unrealized loss of approximately $12.1 million. According to CoinMarketCap, ENA is trading at $0.2556, down 6.11% over the last 24 hours.