According to Spot On Chain, the major player with address 0x8f9 has released all 17.875 million ENA tokens (about $8.78 million) and transferred them to Binance about 40 minutes ago. The address had previously amassed these tokens at high prices averaging $1.167. If sold at the current price of $0.491, the address would face a paper loss of $12.09 million (about 58%) after 10 months of holding.
According to Onchain Lens monitoring, in the past 48 hours, a large investor spent $7.90 million USDC to buy 319,401 HYPE at an average price of $24.75. The large investor still holds 3.19 million USDC, of which 2.19 million USDC is buying HYPE at $20.