ENA Whale Deposits 16.86M ENA to Coinbase Prime as Loss Reaches $15 Million (81%) from $1.10 Purchase

COINOTAG News reports, citing Lookonchain, that a whale move involving the address 0x72F8 shifted its entire stake of 16.86 million ENA tokens into Coinbase Prime roughly seven hours ago. This on-chain transfer underscores ongoing whale activity and could influence liquidity dynamics for the ENA token and related markets.

Based on the purchase history, the ENA stake was acquired about a year ago at roughly $1.10 per token, implying an original cost of about $18.53 million. The present market value stands near $3.51 million, yielding an unrealized loss of approximately $15.02 million and an 81% drawdown on the position.