From 18.52 million dollars to a loss of over 80% - the Tied Up journey of a Large Investor in ENA.

[Coin World] A loss story of a whale wallet is worth pondering. Data monitoring agencies have tracked that a certain address bought ENA worth 18.52 million dollars at an average cost of 1.099 dollars in December 2024. At that time, this investment seemed perfectly normal—buying low and waiting for a turnaround.

Unfortunately, after holding the position for a whole year, the market did not bring the expected rebound. Just 7 hours ago, this whale couldn't hold back and deposited all its ENA at a price of about $0.2079 to a major trading platform to prepare for liquidation. A simple calculation shows that the paper loss amounts to as much as $15.02 million, with assets shrinking by more than 80%.

This could be a typical example of being trapped. Buying at what seems like the bottom, but not realizing that there is another bottom below it. However, from another perspective, the actions of large holders cutting their losses are often an important signal for the market—whether it is time to rebound or continue to explore the bottom, the price will speak.