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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Viral Mods Showcase Creative Game Merges

Several viral mods have gained attention, including Minecraft in Elden Ring and Spider-Man in Gotham City.

user avatarRajesh Kumar

Gamers Create Unique Video Game Mashups Using AI

Innovative mods combine popular video games in unexpected ways, showcasing the power of AI in game development.

user avatarGustavo Mendoza

Gate Introduces Gate Money for Integrated Financial Services

Gate has officially launched Gate Money, a globally integrated financial services application that combines digital assets, fiat currencies, stocks, ETFs, and payments.

user avatarLuis Flores

Gate and Visa Collaborate to Introduce Cryptolinked Card

Gate has announced a collaboration with Visa to launch a cryptolinked card, enhancing the use of digital assets in everyday transactions.

user avatarMiguel Rodriguez

HTX Ventures Unveils New Report on Financial Sector Convergence

HTX Ventures has released a report analyzing the merging of centralized finance, decentralized finance, and traditional finance into a new digital asset architecture.

user avatarArif Mukhtar

Polygon Open Money Stack Integrates TRON Network

Polygon Labs announces the integration of TRON network into Polygon Open Money Stack, enhancing payment solutions for businesses.

user avatarMaria Gutierrez

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.