Ethena associated multisignature address 9 hours, withdrew approximately Bybit from 118000000 tokens ENA, worth approximately 27960000 USD
BIBIBI
AT A GLANCE
According to Onchain Lens monitoring,Ethena an associated multisignature address withdrew 9 from over approximately Bybit hours, withdrawing 117580000 tokens ENA. The purpose has not been disclosed.
Article
Ethena associated multisignature address 9 hours, withdrew approximately Bybit from 118000000 tokens ENA, worth approximately 27960000 USD
PANews October 5 According to Onchain Lens monitoring, a Ethena multisignature address labeled as associated with Gnosis Safe cumulatively withdrew from 9 over approximately Bybit hours before its post, withdrawing 117580000 tokens ENA, equivalent to approximately 27960000 USD at the price at the time. The most recent withdrawal was 62580000 tokens ENA, equivalent to approximately 14860000 USD. The above on-chain attribution is from Onchain Lens, and the purpose of the withdrawals has not been disclosed.
PANews reported on this October 5 withdrawal activity on ENA.
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According to Onchain Lens monitoring, a Ethena multisignature address labeled as associated with Gnosis Safe cumulatively withdrew 9 from over approximately Bybit hours before its post, withdrawing 117580000 tokens ENA。
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The above ENA was equivalent to approximately at the price at the time 27960000 USD。
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The most recent withdrawal was 62580000 tokens ENA, equivalent to approximately 14860000 USD。
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The address's association with Ethena is based on Onchain Lens's attribution; the purpose of the withdrawals has not been disclosed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This indicates that a relatively large amount of ENA was withdrawn from Bybit to a multisignature address. The original text confirms only the monitored transfer and valuation; it does not state the purpose of the withdrawal or provide Ethena confirmation of the address's ownership.
Why it matters to readers
Large token transfers may attract token holders' attention, but an exchange withdrawal alone cannot determine whether this constitutes buying, selling, locking, custody, or another arrangement.
Beginners should understand this as an on-chain fund-flow record rather than a clear bullish or bearish signal; subsequent attention should be paid to the address's ownership and the token's destination.
Risks and unknowns
The address's association with Ethena is solely Onchain Lens's on-chain attribution; the original text does not mention confirmation by the relevant entity.
The specific purpose of the withdrawal of ENA has not been disclosed.
The original text does not state the destination of these ENA after withdrawal.
The value of USD calculated at the price at the time will change with the price of ENA.
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Related concepts
Gnosis Safe
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