Whale deposits 16.85M ENA to Coinbase, facing estimated $15.02M loss

An anonymous whale address starting with 0x72F deposited 16.85 million ENA to Coinbase seven hours ago, likely in a move to sell at a loss, according to on-chain analyst ai_9684xtpa. The investor had purchased the tokens in December 2024 at an average price of $1.099 for a total of $18.52 million. At the time of the deposit, the price was $0.2079, resulting in an estimated loss of $15.02 million, an 82% decline on the investment.