Whale Takes Massive Loss on ENA Investment
A significant cryptocurrency whale has incurred a substantial loss on its ENA investment.
The whale, identified by the address 0x8b446dc9a7c835a0601079a7f52d310c60b67ab3, recently unstaked and deposited all 2.4 million ENA tokens (worth $810,000) to Binance.
This move comes after the whale acquired these ENA tokens from Copper between May 22 and June 6, 2024, at an average price of $0.882, amounting to a total investment of $2.12 million.
The whale's decision to sell all ENA holdings at the current price of $0.338 resulted in a staggering loss of $1.31 million, representing a 61.7% decline in the investment value.
