Crypto Whale Deposits 11.64 Million ENA to Bybit
A crypto whale, identified by address 0x93c…3C6B9, deposited 11.64 million ENA tokens, valued at approximately $2.85 million, to the Bybit exchange. This marks the largest single transaction by value from this whale in the past year and could signal an intent to sell, potentially impacting ENA's price.
A whale deposited 11.64 million ENA tokens (approx. $2.85M) to Bybit.
This is the largest single transaction from this address in the past year.
The tokens originated from the Ethena Proxy address.
Large deposits can signal intent to sell and potential price pressure.
Story
A significant crypto whale, identified by the address 0x93c…3C6B9, has once again deposited a large quantity of ENA tokens to the Bybit exchange after a one-month interval. The transaction involved 11.64 million ENA tokens, estimated to be worth approximately $2.85 million. This deposit represents the largest single transaction by value from this specific address in the past year. The tokens originated from the Ethena Proxy address. Such large deposits by whales to exchanges are often interpreted as a potential signal of an intent to sell. Such a move could exert downward pressure on the ENA price as a substantial supply would enter the market. This activity is significant for ENA holders and those interested in Ethena, as it could indicate a shift in a major holder's position. It is important to monitor such movements to better assess potential short-term market impacts.
Issue context
The crypto market demonstrates resilience on October 12, 2026, even as the total market capitalization saw a slight decline. Bitcoin managed to hold above the $83,000 mark despite significant outflows from US spot ETFs, indicating underlying strength. Concurrently, specific altcoins like Starknet are experiencing notable price surges, driven by strategic developments and narrative catalysts. This dynamic highlights a potential capital rotation and the importance of project-specific news in a volatile environment. The upcoming US inflation data on October 14 could provide further impetus for the markets.
Markets are showing a mix of Bitcoin's resilience and speculative activity in altcoins. Pay attention to macroeconomic data, especially US inflation figures, which could influence overall market sentiment. Whale movements and regulatory news can introduce short-term volatility for individual assets. Your risk tolerance and investment horizon should guide your decisions.
Market pulse
Fear & Greed
69
Greed
BTC Funding
+0.0017%
20 perp markets · Open Interest $53.3B
BTC Open Interest
$53.3B
24h volume $43.8B · basis +0.056%
ETH Funding
+0.0008%
20 perp markets · Open Interest $37.5B
More from this issue
This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.