Whale Accumulates 9.03M ENA ($2.56M) Despite Realized Loss
8 hours ago,
Whale 0x30e62744df9f5525e6dbdc475326f4500bb56682 made a notable move, withdrawing 9.03M ENA (valued at $2.56M) from FalconX, marking the start of a second ENA trade.
Key Highlights:
This comes after the whale suffered a $319K loss (-16.7%) in their first ENA trade, where:They initially withdrew 7.283M ENA from FalconX at an average price of $0.262 (estimated cost: $1.91M) on August 29, 2024, after the price had already started falling.The whale capitulated as the price dropped further, eventually depositing all tokens back to FalconX at $0.219 (only $1.59M) on September 5, 2024.
Market Impact:
The whaleâs return to accumulating ENA despite the recent loss suggests a potential rebound trade or an attempt to dollar-cost average and recoup previous losses.
