An address deposited 16.85 million ENA tokens into Coinbase and is expected to lose $15.02 million, with its value shrinking by 82% after one year.

According to Odaily Planet Daily, blockchain analyst Ai Yi reported that address (0x72F...7e6e) deposited all 16.85 million ENA tokens it held into Coinbase seven hours ago. This address had previously accumulated these tokens in December 2023 at an average price of $1.099, at which time they were worth $18.52 million. After holding them for a year, the deposit price dropped to $0.2079. Selling all of them would have resulted in a loss of $15.02 million, representing an 82% decrease in assets.