Recent movements in the #Kripto currency market have attracted much attention due to significant transactions involving large holders, often referred to as “whales”. These transactions can be evaluated to highlight the volatility and potential losses that can occur even on significant investments. Since investors follow the movements of whales closely, it is useful to know which altcoins they are making moves for at this stage.

Huge Amount of LDO Transferred to Coinbase

Nine hours ago, a whale transferred 3.76 million Lido DAO (LDO) tokens to Coinbase, according to monitoring by @ai_9684xtpa. This transfer, worth approximately $6.89 million, marks a significant move considering the history of this position.

This investor opened a 6.94 million LDO position on April 12, 2023, at an average price of $2.32 per token. Currently the price has fallen to $1.84 per token. Four days before this last transaction, the same investor was suspected of selling 3.17 million LDO. If the last transfer to Coinbase is also a sale, the investor will suffer a loss of $ 3.05 million.

Effective Moves towards ENA Tokens

Another significant movement involving ENA tokens was recorded by Lookonchain 13 hours ago. The ENA staker released all 23.24 million ENA tokens, worth approximately $17.3 million, and sold 19.36 million ENA tokens at a significant loss.

This staker withdrew 23.24 million ENA from Binance, worth approximately $30 million in total, between April 5 and April 10, when the cryptocurrency ENA price was $1.29 per token. Current assets account for 3.88 million ENA worth approximately $2.74 million. Accordingly, the whale suffered a loss of more than 13 million dollars as a result of the transaction.

Additionally, in another ENA transaction, Scopescan reported that the address named Safe Multisig withdrew 9.3 million ENA from Bybit. These tokens, worth approximately $6.9 million, were then staked at Ethena Labs, creating another notable transaction involving large amounts of ENA tokens.

Finally, when we look at the moves, we see that despite the significant amount of money moved, significant losses have occurred, highlighting the volatility of crypto investments. For example, the LDO whale lost significant amounts of the value of its assets from their initial investment, while the largest ENA staker faced even greater losses.