A whale transferred part of their tokens to Binance one hour ago, incurring a loss of $1.41 million on ENA.
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A whale transferred part of their tokens to Binance one hour ago, incurring a loss of $1.41 million on ENA.
According to on-chain analyst EJ, a whale may have incurred a $1.41 million loss on its ENA investment. Between April 5 and April 11, the whale withdrew a total of 9.33 million ENA (worth approximately $10.98 million) from Binance at an average price of $1.176 per token and deposited them into Ethena for staking. One hour ago, the whale redeemed 4.33 million ENA (worth approximately $3.7 million) and transferred them back to Binance, likely selling them at around $0.85 per token, realizing a loss of $1.41 million. The whale currently still has 5 million ENA ($4.28M) staked in Ethena.
Navigating Web3 tides with focused insightsTechFlow reports, according to on-chain analyst Yujin's monitoring, a whale may have incurred a $1.41 million loss from its ENA investment. Between April 5 and 11, the whale withdrew a total of 9.33 million ENA (worth approximately $10.98 million) at a price of $1.176 per token from Binance and deposited them into Ethena for staking. One hour ago, the whale redeemed 4.33 million ENA (worth approximately $3.7 million) and transferred them back to Binance, likely selling them at around $0.85 per token, realizing a loss of $1.41 million. The whale currently still has 5 million ENA ($4.28M) staked in Ethena.
