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Crypto Whale's $12M Loss on ENA Sell; Trump's WLFI Buys ETH, MOVE
Generated by AI AgentCoin World
Wednesday, Feb 12, 2025 10:36 am ET1min read
A crypto whale has reportedly suffered a significant loss of over $12 million after selling Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), following a major price correction. According to blockchain tracking firm Lookonchain, the whale sold nearly 18 million ENA for a loss of more than $12 million after the altcoin plunged below $1.
The whale had accumulated these ENA on Binance at an average price of $1.17, resulting in a loss of over $12 million. ENA is currently trading for $0.4484, down 4.6% in the last 24 hours.
Meanwhile, Lookonchain reports that crypto whales are buying up top altcoin Ethereum as its price chops around $2,600. Two whale addresses withdrew a combined total of over $323 million worth of ETH from Binance and Bitfinex over the weekend and Monday.
US President Trump's crypto project World Liberty Financial (WLFI) is also buying more ETH as well as layer-2 project Movement (MOVE), according to Lookonchain. WLFI bought another 3,191 ETH and 2.4 million MOVE on January 28th, and spent 156,667 USDC to buy 273,937 MOVE again on Monday.
ETH is currently trading for $2,604, down 2.1% in the last 24 hours. Meanwhile, MOVE is trading for $0.5416, down 1.6% on the day.
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