According to CoinMeta, as monitored by on-chain analyst AI, two wallets suspected of being related to the ethena project (0x2993...7383, 0x969f...16af) have transferred a total of $6.75 million in ENA to exchanges since September 3rd. In the past 15 hours, they have topped up Bybit with 19 million ENA, which is approximately $3.29 million. Both addresses received tokens transferred from a multi-signature address of ethena two years ago and have not made any transfers since then. They have only started to make bulk top-ups recently, following the rise in coin prices.