• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Major Whales Dump ENA Following Market Crash

user avatar

by Giorgi Kostiuk

2 years ago

In response to the cryptocurrency market crash, two major whales sold a significant amount of Ethena (ENA) tokens.

Whales' Movement

According to Lookonchain data, the whales first unstaked 3.36 million ENA worth $3.17 million and immediately transferred them to the crypto exchange Binance.

ENA Price Decline

The ENA price lost around 9% in the last 24 hours and is trading at $0.918 at the time of writing. However, the whales were able to partially recover their losses by selling the tokens at $0.948.

Comparison with Other Cryptos

Bitcoin, the world's largest cryptocurrency, lost 3.77% in the last 24 hours and is trading at $95,493. ENA stands out as the 17th altcoin that lost the most value among the top 100 cryptocurrencies, whereas the Curve DAO token fell by 12%.

Despite the panic, the whales' actions helped to partially recover the losses. ENA remains under market pressure, like many other cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

IREN Stock Rallies Nearly 7% After Securing $2.8 Billion AI Contract

chest

IREN stock surged nearly 7% after securing a $2.8 billion AI contract.

user avatarLeo van der Veen

White House's Ethics Deal Could Propel CLARITY Act Forward

chest

The White House has reached an agreement on an ethics package for the CLARITY Act, potentially paving the way for its passage in the Senate.

user avatarLi Weicheng

Stablecoin Growth on Solana Enhances DeFi and Payment Applications

chest

The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.

user avatarMohamed Farouk

Importance of Validator Voting in XRPL Governance

chest

Validator voting is crucial for determining the activation of proposed amendments in the XRP Ledger, impacting long-term network development.

user avatarTenzin Dorje

XRP Ledger Approaches Key Validator Voting Window

chest

The XRP Ledger is approaching a critical deadline for validator voting on proposed protocol amendments that could influence future network features.

user avatarAisha Farooq

Solana's Stablecoin Market Cap Hits $15 Billion

chest

Solana's stablecoin market capitalization has surpassed $15 billion, marking a significant milestone in the network's liquidity growth.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.