A certain address transferred all 2.77 million ENA to Binance 4 hours ago. If sold, it will lose $224,000

According to on-chain analyst AI Yi's monitoring, 4 hours ago, address 0x860...B06AE withdrew all 2.77 million $ENA deposited into Ethena three weeks ago and recharged it into Binance. If sold all, it will lose $224,000. During the pledging period, the address transferred ENA out of the exchange at an average price of $0.9366 from 04.21 to 05.02 (current price $0.848), resulting in a loss of nearly 8.6%.