Following the crash in the cryptocurrency market, two huge crypto whales seem to have panicked a bit.
According to onchain data provided by Lookonchain, the crypto whales in question carried out a panic sale of the Ethena (ENA) token amid the market decline.
The data reveals that two crypto whales first unstaking 3.36 million ENA tokens worth $3.17 million and then immediately moved them to crypto exchange Binance.
The ENA price has lost around 9% in the last 24 hours and is trading at $0.918 at the time of writing. However, the whales in question appear to have at least partially recovered from the losses by selling. According to onchain data, the whales sold at $0.948.
On the other hand, the world's largest cryptocurrency, Bitcoin, lost 3.77% in the last 24 hours and is traded at $95,493 at the time of writing.
ENA stands out as the 17th altcoin that lost the most value in the last day among the top 100 cryptocurrencies. The token that fell the most was Curve DAO token, which fell by 12% in the last 24 hours.
*This is not investment advice.
