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TechFlow reports, according to Spot on Chain monitoring, four whale addresses deposited a total of 15.86 million ENA (approximately $4 million) into Binance at massive losses within the past 24 hours; selling these holdings would result in over $5 million in losses.
Notably, these whales had withdrawn ENA from Binance between April and August 2024, subsequently staking the tokens via Pendle to earn additional hundreds of thousands of ENA.
According to Spot on Chain, four whale addresses deposited a total of 15.86 million ENA (approximately $4 million) into Binance at massive losses over the past 24 hours, incurring over $5 million in losses if sold. Notably, these whales had withdrawn ENA from Binance between April and August 2024, then staked the tokens via Pendle to earn hundreds of thousands of additional ENA.
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