🚨🚨 WHALE ALERT 🐳 🐋
PEPE, SHIB and BONK Left Aside! Whale Sent This Altcoin to Binance
A remarkable financial move was reported by The Data Nerd today. A whale with a 0x2Ea address invested 3.8 million ENA on Binance, which amounted to approximately $2.12 million just seven hours ago. This transaction had a great impact in the market as it contained a large amount of tokens and had significant financial consequences for the whale. Let's look at the details of the development.
Altcoin ENA Move from the Whale
It seems that this big investment of the whale will be a serious consequence. Accordingly, if ENA tokens are sold at the current market price, there will be a loss of approximately $1.72 million. A reflection of this situation is that the value of the ENA has fallen significantly since the purchase of the whale. We can state that the decrease in investors' confidence in the ENA is also among the reasons for these losses.
The recent activities of the whale also cause an increase in our level of interest. Because although this whale sends ENA to Binance, it is a whale that invests heavily in the relevant cryptocurrency.
Last month, the whale accumulated a total of 11 million ENA, costing about $11.2 million. This large-scale acquisition demonstrated the whale's strong belief in the ENA's potential. However, the sharp price declines seem to have caused the whale's faith to be shaken.
Currently, the whale has still staked a significant portion of its ENA assets. 7.1 million ENA tokens are in stake in Pendle, a decentralized financial platform. This staked amount also faces an unrealized loss of about $3.22 million. Unrealized losses mean that the value of the staked tokens fell, but the loss did not occur because the tokens were not sold.
