Multisign removed all liquidity then sent 11.3M ENA ($2.35M) to Bybit at loss

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Sep 11, 14:57

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Multisign removed all liquidity then sent 11.3M ENA ($2.35M) to Bybit at loss

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Related addresses

0x6d6634d03130e37afbe77741ad01401ae30244c6

Total tokens transferred

11.305M

ENA

Related transactions

0x6d6634d03130e37afbe77741ad01401ae30244c6

Bybit deposit

Sep 11, 14:52

Multi-signature wallet 0x6d6 just removed all ENA liquidity from Uniswap and deposited 11.3M ENA ($2.35M) to Bybit at $0.207:

transaction: 0xe8abcbc6a7d16f942118332161e9b2565bda467929977029154fa69e70fd55a2
address: 0x6d6634d03130e37afbe77741ad01401ae30244c6

Notably, this multi-signature wallet withdrew 7.297M ENA from Bybit at an average price of $0.658 (estimated cost: $4.8M) on April 17 and June 20, 2024, and then further accumulated ENA by providing liquidity on Uniswap. With the price of ENA consistently declining during this period, the whale most likely suffers a big loss from ENA.

Currently, the whale still holds 1.09M ENA ($226K).

The ENA price dropped 10.00% in the past 24 hours.

Fig 1. The 4 latest ENA transactions by Multi-signature wallet 0x6d6.

Fig 2. The ENA withdrawals and deposits from/to Bybit by Multi-signature wallet 0x6d6.

#ena

#ethena

#deposit

#bybit

#loss

#liquidity provider

#remove

Related visualizers

Multisign 0x6d6 removed all liquidity then sent 11.3M ENA ($2.35M) to Bybit at loss

Last synced: Sep 11, 15:07

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