A whale just took a massive hit. Address 0x72F8 moved all 16.86M $ENA to a major compliance platform 7 hours ago—and the timing speaks volumes.
These tokens were scooped up roughly a year back when ENA was trading near $1.10 per coin. Total entry? $18.53M. Fast forward to now: that same stash is worth just $3.51M.
That's an $15M+ bloodbath. An 81% loss.
What makes this notable isn't just the scale of the drawdown—it's the decision to deposit into an exchange custody solution at this price level. Whether this signals capitulation, repositioning, or a move ahead of the next cycle remains the million-dollar question.
These tokens were scooped up roughly a year back when ENA was trading near $1.10 per coin. Total entry? $18.53M. Fast forward to now: that same stash is worth just $3.51M.
That's an $15M+ bloodbath. An 81% loss.
What makes this notable isn't just the scale of the drawdown—it's the decision to deposit into an exchange custody solution at this price level. Whether this signals capitulation, repositioning, or a move ahead of the next cycle remains the million-dollar question.
