An address associated with the Ethena project has allegedly emptied out 14 million ENA tokens after being dormant for 2 years.

BlockBeats News, September 4th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a certain Ethena project team's related address is suspected of being liquidated after 2 years of dormancy, with the assets shrinking by 65%.

The address 0x891…e4041 had received 14 million ENA transferred from Ethena's multisig address in July 2024, worth $6.89 million at the time, with a token price of $0.4928. Six hours ago, all tokens were transferred to Bybit, leaving only $2.41 million, a loss of $4.48 million compared to the receiving time, and a loss of over $8.735 million compared to the peak.