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Crypto Whale Takes $12M Loss on Ethena (ENA) Sell-Off

12.02.2025 9:30 1 min. read Alexander Stefanov
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Crypto Whale Takes $12M Loss on Ethena (ENA) Sell-Off

Blockchain data has revealed a major crypto whale incurring heavy losses on the Ethena (ENA) token.

Recent activity shows that this investor withdrew 17.87 million ENA—valued at $8.78 million—from staking and sent it to Binance, likely for selling.

The whale initially acquired ENA at an average price of $1.17, meaning they exited their position at a significant loss of over $12 million, excluding any minor gains from staking rewards.

With ENA now trading at $0.44, the token has fallen sharply from its peak of $1.52 reached about ten months ago.

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Crypto analyst Il Capo recently commented on ENA’s price action, suggesting that if the decline continues, the next key support level could be around $0.40.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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