According to TechFlow, an on-chain analyst, Ember, a whale withdrew 23.239 million ENA ($30M) from Binance between 4/10 and 4/15, with an average price of $1.29. Then he deposited it into Ethena for staking.

30 minutes ago, he redeemed all of these ENA from Ethena, and then transferred 8.34 million ENA ($6.19M) to Binance, probably preparing to leave.

At the current ENA price of $0.74, his ENA losses are as high as $12.78M (-43%)