Ethena Receives $12.78M in $ENA Tokens from Bybit

Ethena has received a significant injection of funds, acquiring $12.78 million worth of $ENA tokens from Bybit. This strategic move could impact Ethena’s liquidity and potential governance activities. 46.79 million $ENA tokens were transferred to Ethena, with a portion – 21.79 million – originating from a previously active Bybit wallet. The transfer signifies a significant financial maneuver by both entities within the crypto ecosystem.