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.
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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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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