Whale Loses $12,000,000 Selling Ethena (ENA) After Major Price Correction: Lookonchain

Blockchain monitoring agency Lookonchain says a crypto dealer is taking a look at huge losses after one decentralized finance (DeFi) venture underwent a extreme correction.

In response to Lookonchain, a crypto whale sold practically 18 million Ethena (ENA), an artificial greenback protocol constructed on Ethereum (ETH), for a lack of greater than $12 million after the altcoin plunged under $1.

“A whale bought off all ENA and misplaced over $12 million! This whale unstaked 17.87 million ENA ($8.78 million) [on Monday] and deposited it to Binance. The whale had collected these ENA on Binance at a mean value of $1.17, leading to a lack of over $12 million.”

ENA is buying and selling for $0.4484 at time of writing, down 4.6% within the final 24 hours.

Subsequent up, Lookonchain reports that crypto whales are shopping for up prime altcoin Ethereum as its value chops round $2,600.

“Evidently whales are accumulating ETH!

0xb99a…BcF5 withdrew 56,909 ETH ($151.6 million) from Binance [Monday].

0xEd0C…4312 withdrew 64,603 ETH ($171.8 million) from Binance and Bitfinex [over the weekend].”

US President Trump’s crypto venture World Liberty Monetary (WLFI) can also be buying extra ETH in addition to layer-2 venture Motion (MOVE), in accordance with Lookonchain.

“Trump’s World Liberty purchased one other 3,191 ETH ($10M) and a couple of.4 million MOVE ($1.88 million) [on January 28th…

Trump’s World Liberty just spent 156,667 USDC to buy 273,937 MOVE again [on Monday].”

ETH is buying and selling for $2,604 at time of writing, down 2.1% within the final 24 hours. In the meantime, MOVE is buying and selling for $0.5416 at time of writing, down 1.6% on the day.

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Test Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate marketing online.

Generated Picture: Midjourney