An ENA whale redeemed all 23.239 million ENA from Ethena and may leave
2024-06-11 14:32:11
Odaily News According to on-chain analyst Yu Jin, a whale withdrew 23.239 million ENA (US$30 million) from Binance between April 10 and April 15, at an average price of US$1.29. He then deposited them into Ethena for staking. 30 minutes ago, he redeemed all of these ENA from Ethena, and then transferred 8.34 million ENA (US$6.19 million) to Binance, probably preparing to leave. At the current price of ENA of US$0.74, these ENAs have lost as much as US$12.78 million (-43%).
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