A Whale Shorts ENA and Other Ethereum Ecosystem Tokens, Accumulating $2.84 Million in Unrealized Losses

BlockBeats News, August 9 — According to on-chain analyst Ai Yi (@ai_9684xtpa), the address "0x9cb...c06ce," which began shorting ENA with 5x leverage at the end of July this year, is now facing an unrealized loss of $3.288 million. The opening price for the ENA short position was $0.5236 (current price: $0.7328).

In addition, this address has also shorted a basket of Ethereum ecosystem tokens, including ETH, LDO, MKR, and CRV, with a total unrealized loss of $2.84 million so far. To avoid liquidation, the user has added 1.6 million USDC in margin to Hyperliquid.