A whale redeemed 23.23 million ENA from Ethena and transferred 8.34 million ENA to Binance, with a loss of up to $12.78 million

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Cointime2024/06/11 14:49

By:Cointime

A certain whale withdrew a total of 23.239 million ENA (30 million USD) from Binance between 4/10-4/15, with an average price of 1.29 USD, and then deposited them into Ethena for staking. 30 minutes ago, the whale redeemed all of these ENA from Ethena and transferred 8.34 million ENA (6.19 million USD) into Binance, possibly preparing to exit the market. Based on the current price of ENA at 0.74 USD, the whale suffered a loss of up to 12.78 million USD (-43%).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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