A giant whale redeemed 23.23 million ENA from Ethena and transferred it to Binance 8.34 million ENA, losing up to $12.78 million
According to on-chain analyst Ember, a giant whale raised a total of 2323.9 million ENAs ($30 million) from Binance during the 4/10-4/15 period, with an average price of $1.29. Then deposit Ethena pledge. 30 minutes ago, he redeemed all these ENAs from Ethena, and then transferred 8.34 million ENAs ($6.19 million) into Binance, possibly preparing to leave.
At the current ENA price of $0.74, his losses on these ENAs are as high as $12.78 million (-43%).