Crypto Whale Moves $13.12M USDC for ENA Purchases on Hyperliquid

Crypto Whale Moves $13.12M USDC for ENA Purchases on Hyperliquid

OnchainLens reports a whale tied to Ethena Labs now controls over $121 million in ENA after receiving 46.79 million tokens from Bybit.

USDC
HYPE
ENA

Fact Check
The assessment is 'likely_true' with high confidence primarily due to a single, highly authoritative and relevant source. The news feed snippet on CoinGecko, a reputable crypto data aggregator, directly mentions a whale accumulating ENA on the Hyperliquid platform in a transaction specifically linked to the figure of $13.11 million. This source provides direct confirmation of all key elements of the statement. The credibility of the claim is further bolstered by corroborating contextual evidence from other sources. A post from the official X account of Nansen, a premier blockchain analytics platform, confirms that they are tracking significant whale activity on Hyperliquid. Additionally, other news articles confirm that ENA is traded on Hyperliquid and that whale accumulation of this token on the platform is occurring, even if they cite different transaction amounts. There is no conflicting evidence among the provided sources; the existence of other large transactions does not negate this specific one. The convergence of a direct, authoritative confirmation with supporting contextual evidence from multiple sources makes the statement highly probable.
Summary

A whale suspected to be linked to Ethena Labs has received 46.79 million ENA from Bybit, valued at $12.78 million, according to OnchainLens. This inflow boosts the whale’s total ENA holdings to about 451.94 million tokens worth $121.8 million. The accumulation follows earlier activity involving a $13.12 million USDC deposit to Hyperliquid for ENA purchases, highlighting a sustained large-scale acquisition strategy.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for digital transactions and trading.
  • Hyperliquid: A decentralized trading platform for cryptocurrencies with advanced derivatives markets.
  • ENA: A cryptocurrency token actively accumulated by a whale, now totaling over 451 million units held.