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A whale released 17.875 million ENA and transferred it to Binance, or faced a loss of $12.09 million

According to Spot On Chain, the major player with address 0x8f9 has released all 17.875 million ENA tokens (about $8.78 million) and transferred them to Binance about 40 minutes ago. The address had previously amassed these tokens at high prices averaging $1.167. If sold at the current price of $0.491, the address would face a paper loss of $12.09 million (about 58%) after 10 months of holding.