A crypto whale just suffered a massive loss after the price of Ethena (ENA) tanked.
Big Losses on ENA
Blockchain tracker Lookonchain reported that a whale sold almost 18 million ENA tokens, losing over $12 million in the process. The whale initially bought the ENA at an average price of $1.17, but sold it all after the price plummeted below $1. At the time of the sale, ENA was trading around $0.45.
Whales Buying ETH and Other Tokens
Meanwhile, other big players in the crypto market seem to be making different moves. Lookonchain also noted that whales are accumulating Ethereum (ETH), with large amounts of ETH being withdrawn from major exchanges like Binance and Bitfinex.
Trump’s Crypto Project Also Active
Interestingly, World Liberty Financial (WLFI), the crypto project associated with former US President Donald Trump, has also been buying ETH and MOVE tokens. They’ve made significant purchases of both recently.
Current Market Conditions
At the time of writing, ETH is trading around $2604, and MOVE is around $0.54. Both are slightly down for the day.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
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