Ethena (ENA) Whale Records Massive Loss Amid 30% Token Plunge

Wednesday, 12 June 2024, 12:20
In a significant market development, Ethena's largest staker faces a $13 million loss as the value of the ENA token nosedives by 30% within a week. The sharp decline in token price highlights the volatility and risks associated with cryptocurrency investments. Investors are closely monitoring the aftermath of this substantial loss amidst broader market fluctuations.
https://store.livarava.com/42a75159-291b-11ef-ab75-0d95d4a28fb2.jpg
Ethena (ENA) Whale Records Massive Loss Amid 30% Token Plunge

Ethena (ENA) Whale's $13 Million Loss

Ethena's largest staker has suffered a substantial loss amounting to $13 million due to the sharp decline in the token's value.

30% Drop in a Week

The ENA token witnessed a significant plunge of 30% within a week, emphasizing the high volatility prevalent in the cryptocurrency market.

The aftermath of this loss has raised concerns among investors, highlighting the unpredictable nature of digital asset investments.

Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe