鯨魚的價格下降了1800萬個令牌後，

埃塞納（Ethena）的原住民代幣埃納（Ena）在代幣的一個主要持有人之一轉移了1800萬個ena代幣之後，面臨著巨大的向下壓力

The price of Ethena’s (ENA) native token is experiencing a steep decline following a significant transaction that saw 18 million ENA tokens, valued at around $8.78 million, being moved to Binance. This substantial transfer, which occurred on February 11, has sparked concerns among traders and impacted the token’s price, leading to a drop of over 10% in the past 24 hours.

埃塞納（Ena）（ENA）本地令牌的價格正在急劇下降，此前一筆巨大的交易使1800萬個ENA令牌（價值約878萬美元）轉移到了二手體。這種大量轉移發生在2月11日，引發了交易者的擔憂並影響了令牌的價格，在過去的24小時內導致超過10％的速度下降了10％。

According to on-chain data, the whale that made this move, identifiable by the wallet address 0x8f9, had initially accumulated these ENA tokens at an average purchase price of $1.167, which is considerably higher than the current market price of $0.42. This substantial loss suggests that the whale may be preparing to exit their position or is responding to unfavorable market conditions. The transfer of tokens to Binance signals that the whale could be ready to sell its holdings, triggering a potential sell-off.

根據鍊鍊數據，通過錢包地址0x8f9識別的鯨魚最初以1.167美元的平均購買價格累積了這些ENA代幣，這比當前市場價格高於0.42美元。這種巨大的損失表明，鯨魚可能正在準備退出其立場或對不利的市場狀況做出反應。將令牌轉移到二元信號中，表明鯨魚可以準備出售其股份，從而引發潛在的拋售。

Large transactions like this can significantly impact the price of a cryptocurrency. When major holders move their assets onto exchanges, it usually implies that they are preparing to sell, thereby increasing the token’s supply in the open market. In the case of ENA, this move has contributed to a broader bearish sentiment, as traders fear that the whale’s sell-off could drive the price down further.

這樣的大型交易可以顯著影響加密貨幣的價格。當主要持有人將其資產轉移到交易所時，通常意味著他們準備出售，從而增加了令牌在公開市場中的供應。對於ENA而言，此舉導致了更廣泛的看跌感，因為交易員擔心鯨魚的拋售可能會進一步降低價格。

On-chain data from sources like Spotonchain indicates that the whale’s holdings had been acquired at peak prices, which adds to the market’s fear of a mass liquidation. The current price drop, compounded by this large sell signal, has also led to an increase in negative funding rates for ENA. As of now, the funding rate for ENA stands at -0.012%, reflecting a predominance of short positions in the market. Negative funding rates indicate that more traders are betting against the asset, which is a sign of bearish sentiment and could increase market volatility.

來自Spotonchain等來源的鏈上數據表明，鯨魚的持有量是以高峰價格獲得的，這加劇了市場對大規模清算的恐懼。當前的價格下跌，加上這個大型賣出信號，也導致ENA的負資金率提高。截至目前，ENA的資金率為-0.012％，反映了市場中短職位的優勢。負資金率表明，越來越多的貿易商押注資產，這是看跌情緒的標誌，可能會增加市場波動。

The price of ENA has dropped to a three-month low of $0.42, as a result of the market’s negative reaction to the whale’s transfer. As large amounts of tokens are moved to exchanges, the market becomes flooded with additional supply, which in turn places downward pressure on prices. Without enough buyers to offset the selling pressure, ENA could continue to decline, potentially breaking through critical support levels.

由於市場對鯨魚轉移的負面反應，ENA的價格已降至0.42美元的三個月低點。隨著大量代幣轉移到交易所，市場氾濫成災，這反過來又施加了下降的價格。如果沒有足夠的買家來抵消銷售壓力，ENA可能會繼續下降，可能會因關鍵支持水平而破裂。

If the whale proceeds to offload the 18 million tokens onto Binance, ENA could face further price drops. The absence of significant buy-side demand could push the token’s value below $0.41, heading towards $0.31, which would mark a deeper decline. The ongoing lack of bullish indicators or investor confidence makes it difficult for the asset to find a solid base for a rebound.

如果鯨魚繼續將1800萬個令牌卸載到Binance上，ENA可能會面臨進一步的價格下跌。缺乏大量的買入需求可能會將令牌的價值提高到0.41美元以下，跌至0.31美元，這將標誌著更深的下降。持續缺乏看漲指標或投資者的信心使資產難以為反彈找到堅實的基礎。

While the market is currently weighed down by the whale’s movements, there is still hope for a price recovery if demand begins to pick up. If enough retail or institutional buyers step in to absorb the selling pressure, ENA could begin to stabilize. In this scenario, the token could potentially rally toward $0.51, a resistance level where the price could find some respite.

雖然目前市場受到鯨魚的動作的壓力，但如果需求開始增加，仍然希望價格恢復。如果足夠的零售或機構買家介入以吸收銷售壓力，ENA可能會開始穩定。在這種情況下，代幣可能會躍入0.51美元，這是一個電阻水平，價格可能會找到一些喘息的機會。

For this recovery to happen, however, it will require a shift in market sentiment. If buying momentum strengthens and traders begin to view ENA as undervalued, the price could rise. The key level to watch is $0.41, as holding this support could signal that the token is beginning to stabilize, while a break below it could prompt a deeper sell-off.

但是，要使這種恢復發生，這將需要改變市場情緒。如果購買勢頭增強，而交易者開始將ENA視為被低估的ena，那麼價格可能會上漲。觀看的關鍵水平為0.41美元，因為持有此支持可能表明令牌開始穩定，而下方的突破可能會引起更深的拋售。