According to CoinMeta, chain analyst AI pointed out that the address associated with the ethena project appears to have liquidated its holdings after being inactive for two years. The address 0x891… e4041 received 14 million ENA tokens in July 2024 from a multi-signature address ethena, which was worth approximately $6.89 million at the time, with a token price of $0.4928. Six hours ago, this address transferred all the tokens to Bybit; currently, it only holds $2.41 million, representing a loss of $4.48 million compared to when the tokens were received, and a decrease of over $8.735 million from its peak value.