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The largest Ethena ($ENA) staker wallet attracted a staggering $6.95 million, equivalent to $7.99 million, from Binance for staking purposes. This withdrawal was made at a price of approximately $1.15, although the staker suffered significant losses.
Over the last four days, the same whale has withdrawn a total of 18.12 million $ENA from Binance at a price of approximately $1.32, bringing its total assets to $23.9 million.
However, there are some concerns in the cryptocurrency market regarding the risks of the $ENA token, as it is similar to the mechanism of LUNA.
In another significant move in the cryptocurrency market, the whale with short wallet address 0xa14 withdrew 394.63 billion $PEPE worth $2.14 million from Binance at a price of $0.000005433. This withdrawal marks the whale's fourth $PEPE trade.
Currently, the whale is holding 686.21 billion $PEPE worth $3.73 million and its estimated total loss from this transaction is $538 thousand, a drop of 6.94%. However, it is worth noting that the whale earned an estimated cumulative profit of $999K, a gain of 39.6% from the previous three $PEPE trading cycles.
In another notable whale incident, mining wallet bc1qv, which had been dormant for nearly 14 years, woke up and deposited 50 Bitcoins, equivalent to $3.28 million, to Coinbase at a price of $65,600. It is noted as an interesting development that the miner earned 50 BTC from mining on April 23, 2010 and has kept this money until today.
*This is not investment advice.
coindesk.com
news.bitcoin.com