Whale unstaked and deposited all ENA to Binance at a $807K loss

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Aug 29, 19:36

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Whale unstaked and deposited all ENA to Binance at a $807K loss

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Related addresses

0x931250786dfd106b1e63c7fd8f0d854876a45200

Total tokens transferred

3.408M

ENA

Related transactions

0x931250786dfd106b1e63c7fd8f0d854876a45200

Binance deposit

Aug 29, 19:05

0x931250786dfd106b1e63c7fd8f0d854876a45200

Binance deposit

Aug 29, 19:22

Whale 0x931 just unstaked all 3.408M ENA ($824K) from Pendle Finance and deposited them to Binance:

transaction 1: 0xef9ad06da8025ed863fa6075229c92c6bef2cfb146c9745f9c89dab0b0d533c6
transaction 2: 0x6485f8078bd8bde56c449374edfc90361380f179a2e69fc7995e62e344696c9a
address: 0x931250786dfd106b1e63c7fd8f0d854876a45200

Notably, the whale withdrew 3.434M ENA from Binance at an average price of $0.479 (estimated cost: $1.64M) between June 21 and July 16, 2024, and then staked the tokens with Pendle Finance to earn extra tokens.

If truly selling now at $0.242, the whale would realize an estimated loss of $807K (-49.4%) after 2 months.

Fig 1. The overall ENA trading history of Whale 0x931.

#ena

#deposit

#ethena

#binance

#loss

#unstake

#pendle finance

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Whale 0x931 unstaked and deposited all ENA to Binance at a $807K loss

Last synced: Aug 30, 00:48

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