Dragonfly Capital Moves $2.12M in $MNT to Bybit After 2-Month Pause
The post Dragonfly Capital Moves $2.12M in $MNT to Bybit After 2-Month Pause appeared on BitcoinEthereumNews.com.
Dragonfly Capital, a crypto-centered investment platform, has recently gained market-wide attention with an exclusive transfer. Dragonfly Capital has recently transacted up to $1.12M in $MNT to the crypto exchange Bybit. As per the data from Arkham Intelligence, the development underscores a scarce shift in the on-chain activity of the platform. In this respect, this transfer denotes Dragonfly Capital’s 1st outflow in the past 2 months. Dragonfly just moved $2.12M MNT to Bybit. It was their first outflow from their known crypto wallets in 2 months, and their largest holding outside of BGB. Dragonfly now only holds $107.29M of BGB and $1.92M of other crypto. pic.twitter.com/0Aah8lX9rK — Arkham (@arkham) April 5, 2026 Dragonfly Capital Shifts $MNT Worth of $2.12M to Bybit, Signifying $BGB Dominance The on-chain statistics disclose that Dragonfly Capital has shifted a cumulative amount of $2.12M to Bybit via the $MNT tokens. This marks Dragonfly Capital’s earliest outflow over 2 months. The portfolio of the platform has long been driven by $BGB, the native token of Bybit, with the rest of the holdings denoting just a small amount of the cumulative value thereof. Additionally, the exclusive move signifies the company’s dependence on $BGB, triggering questions over the wider diversification strategy thereof. The dashboard of the platform points out that Dragonfly now holds up to $109.21M in its overall crypto assets. Particularly, $BGB accounts for a staggering $107.29M, while the other holdings in the portfolio account for only $1.92M. These take into account the assets like $G, $MPDAO, $FXS, $ETH, $COMP, and $SFI, each occupying small amounts in comparison with the core position of the fund. Along with that, the transfer history of Dragonfly discloses inflows of 28,322 $ZORA ($407,000) from Coinbase PI, along with 17,037 $BGB ($237,000) from Bitget. However, the outflows include 43.39M $AVAIL ($2.17M) to FalconX and…
Filed under: News - @ April 5, 2026 4:03 pm