Dragonfly Resumes Activity with $2M MNT Transfer to Bybit

After a two-month period of no known outflows from its tracked wallets, Dragonfly has finally moved some assets. The firm transferred $2.12 million worth of MNT to Bybit, marking a clear change in wallet activity.

The transfer was detected by Arkham's monitoring tools and quickly drew attention across crypto tracking channels. This is because large fund flows are often closely watched by traders, who use on-chain data to follow changes in balances and token movement.