Whale Suffers Loss After ENA Price Drop

According to Odaily, a whale investor purchased 1.62 million ENA tokens with 1.6 million USDC six days ago, just before the ENA price exceeded $1. However, due to a 23% price drop within a week, the investor liquidated their ENA holdings for 1.32 million USDC, resulting in a loss of $283,000, a negative return of 17.6%. The rapid fluctuation in ENA's price led to this significant loss for the investor within less than a week. This event underscores the volatility and risk associated with cryptocurrency investments.