Another major investor in ENA has capitulated, selling at a considerable loss. The investor, identified by the wallet address 0x2Ea…4adEE, initially increased his position from $1.41 to $0.70 as prices fell.
He then opened a significant position of 10.99 million ENA, worth $11.12 million, at an average price of $1.01.
$1.01 建仓，$0.55 腰斩割肉🥲 又一个 $ENA 大户坚持不住了
地址 0x2Ea…4adEE 从 $1.41 一路加仓到 $0.7，越跌越买，最终以均价 $1.01 建仓 1099 万枚 ENA（价值 1112 万美金）；半小时前他将其中 380 万枚代币充值进了 #Binance，若卖出将亏损 172 万美金
钱包地址 https://t.co/Otv6tzq253 https://t.co/8qQbgwk4sj pic.twitter.com/GbnqOIebJ8
— Ai 姨 (@ai_9684xtpa) June 27, 2024
Today, this investor deposited 3.8 million ENA tokens into Binance. If sold at the current price of $0.55, he would face a loss of $1.72 million. Last month, he accumulated approximately 11 million ENA for around $11.2 million and is still staking 7.1 million ENA in Pendle, with an unrealized loss of about $3.22 million.
7 hours ago, a whale 0x2Ea deposited 3.8M $ENA (~$2.12M) to #Binance.
If sold at current price, he will have realized loss ~$1.72MLast month, he accumulated 11M $ENA for ~$11.2M and still staking 7.1M $ENA in #Pendle with unrealized loss ~$3.22M
Addresshttps://t.co/AeOJsVHkjA pic.twitter.com/56968Ll2b6
— The Data Nerd (@OnchainDataNerd) June 27, 2024
Ethena Lab’s Top Growing Stablecoin, USDe Soars
In other news, according to Token Terminal, the fastest-growing stablecoin in the crypto space is USDe from Ethena Labs. With a supply of $3.58 billion and a monthly growth rate of 28.3%, USDe is rapidly gaining traction.
The fastest growing stablecoin in crypto:@ethena_labs USDe w/ $3.58B in supply, and +28.3% monthly growth rate pic.twitter.com/0dINMoiYTo
— Token Terminal (@tokenterminal) June 26, 2024
This situation underscores the volatility in the cryptocurrency market, where even significant investors can face substantial losses. The rapid growth of USDe highlights the evolving landscape of stablecoins, which are becoming increasingly important in the digital asset ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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