A large wallet has just dumped a total of 16.86 million $ENA onto Coinbase Prime, accepting a significant loss.

ENAUSDT

Perp

0.1996

-3.34%

Specifically, the address 0x72F8 has transferred the entire amount of ENA to Coinbase Prime. The tokens accumulated by this wallet about a year ago at a price of ~$1.10 with a total cost of approximately $18.53 million.

At present, the amount of ENA is only about ~$3.51 million, equivalent to a loss of over $15 million, which corresponds to a decrease of 81% in value. The situation is extremely dire!