The post ENA Whale Deposits 16.86M ENA to Coinbase Prime as Loss Reaches $15 Million (81%) from $1.10 Purchase appeared on BitcoinEthereumNews.com. COINOTAG NewsThe post ENA Whale Deposits 16.86M ENA to Coinbase Prime as Loss Reaches $15 Million (81%) from $1.10 Purchase appeared on BitcoinEthereumNews.com. COINOTAG News

ENA Whale Deposits 16.86M ENA to Coinbase Prime as Loss Reaches $15 Million (81%) from $1.10 Purchase

COINOTAG News reports, citing Lookonchain, that a whale move involving the address 0x72F8 shifted its entire stake of 16.86 million ENA tokens into Coinbase Prime roughly seven hours ago. This on-chain transfer underscores ongoing whale activity and could influence liquidity dynamics for the ENA token and related markets.

Based on the purchase history, the ENA stake was acquired about a year ago at roughly $1.10 per token, implying an original cost of about $18.53 million. The present market value stands near $3.51 million, yielding an unrealized loss of approximately $15.02 million and an 81% drawdown on the position.

Source: https://en.coinotag.com/breakingnews/ena-whale-deposits-16-86m-ena-to-coinbase-prime-as-loss-reaches-15-million-81-from-1-10-purchase

Market Opportunity
Ethena Logo
Ethena Price(ENA)
$0,1994
$0,1994$0,1994
+1,16%
USD
Ethena (ENA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.