<\/p>\n
Blockchain tracking firm Lookonchain says a crypto trader is looking at massive losses after one decentralized finance (DeFi) project underwent a severe correction.<\/p>\n
According to Lookonchain, a crypto whale sold<\/a> nearly 18 million Ethena (ENA<\/a>), a synthetic dollar protocol built on Ethereum (ETH<\/a>), for a loss of more than $12 million after the altcoin plunged below $1.<\/p>\n \u201cA whale sold off all ENA and lost over $12 million! This whale unstaked 17.87 million ENA ($8.78 million) [on Monday] and deposited it to Binance. The whale had accumulated these ENA on Binance at an average price of $1.17, resulting in a loss of over $12 million.\u201d <\/em><\/p>\n ENA is trading for $0.4484 at time of writing, down 4.6% in the last 24 hours.<\/p>\n Next up, Lookonchain reports<\/a> that crypto whales are buying up top altcoin Ethereum as its price chops around $2,600.<\/p>\n \u201cIt seems that whales are accumulating ETH! <\/em><\/p>\n 0xb99a\u2026BcF5 withdrew 56,909 ETH ($151.6 million) from Binance [Monday]. <\/em><\/p>\n 0xEd0C\u20264312 withdrew 64,603 ETH ($171.8 million) from Binance and Bitfinex [over the weekend].\u201d <\/em><\/p>\n US President Trump\u2019s crypto project World Liberty Financial (WLFI) is also buying<\/a> more ETH as well as layer-2 project Movement (MOVE<\/a>), according to Lookonchain.<\/p>\n \u201cTrump\u2019s World Liberty bought another 3,191 ETH ($10M) and 2.4 million MOVE ($1.88 million) [on January 28th\u2026 <\/em><\/p>\n Trump\u2019s World Liberty just spent 156,667 USDC to buy 273,937 MOVE again [on Monday].\u201d <\/em><\/p>\n ETH is trading for $2,604 at time of writing, down 2.1% in the last 24 hours. Meanwhile, MOVE is trading for $0.5416 at time of writing, down 1.6% on the day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Blockchain tracking firm Lookonchain says a crypto trader is looking at massive losses after one decentralized finance (DeFi) project underwent a severe correction. According to Lookonchain, a crypto whale sold nearly 18 million Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), for a loss of more than $12 million after the altcoin plunged […]<\/p>\n","protected":false},"author":2,"featured_media":366846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-366845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=366845"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366845\/revisions"}],"predecessor-version":[{"id":366850,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366845\/revisions\/366850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/366846"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=366845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=366845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=366845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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