A Whale Deposits 2.39 Million ENA Tokens on Binance, Suffering a Loss of Up to 64%
Publication Time:2024-08-13 10:51:09
According to the latest news, a whale has conducted a significant token storage operation on the Binance platform, depositing 2.39 million ENA tokens. This action has attracted widespread attention in the market. It is said that this batch of tokens was purchased from Cooper at a total price of $2.16 million two months ago and were all invested in the Ethena staking project. However, with market fluctuations and price changes, if calculated based on the current market price, the whale will face a potential loss of up to $1.385 million, which is approximately 64% of the initial investment. This situation reflects the unpredictability and high volatility of the cryptocurrency market, and for individuals or institutions holding large amounts of tokens, strategic choices and timing are crucial.
Cryptocurrency
Token Loss
Whale Operation