TechFlow reports, according to on-chain analyst Yu Jin, a whale withdrew a total of 23.239 million ENA ($30M) from Binance between April 10 and April 15 at an average price of $1.29, then deposited them into Ethena for staking.
30 minutes ago, he redeemed all these ENA from Ethena and transferred 8.34 million ENA ($6.19M) back to Binance, possibly preparing to exit.
With the current ENA price at $0.74, his ENA holdings have incurred a loss of $12.78M (-43%).




