Giant Cryptocurrency Whale Lost Big on This Altcoin: $12 Million Evaporated

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Bitcoinsistemi2025/02/12 06:22

By:Mete Demiralp

According to data, a crypto whale lost a large amount on an altcoin due to the recent declines. Here are the details.

According to cryptocurrency onchain data, a crypto whale has made a splash in the community with his latest transactions.

Data reveals that a massive crypto whale has lost over $12 million on the Ethena (ENA) altcoin. According to information provided by onchain crypto data provider LookOnChain, the whale in question recently unstaking 17.87 million ENA worth $8.78 million and transferred it to crypto exchange Binance.

This whale purchased his tokens on Binance for an average price of $1.17. Thus, according to the data, the cryptocurrency whale sold ENA tokens with a loss of more than $12 million in the whale wallet, excluding the likely insignificant staking value.

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At the time of writing, ENA is trading at $0.44. ENA reached an all-time high of $1.52 approximately 10 months ago.

Cryptocurrency analyst il Capo said in his latest ENA update that the next support level for the token's price could be $0.40.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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