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Blockchain tracking firm Lookonchain says a crypto trader is looking at massive losses after one decentralized finance (DeFi) project underwent a severe correction. According to Lookonchain, a crypto whale sold nearly 18 million Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), for a loss of more than $12 million after the altcoin plunged below $1. “A whale sold off all ENA and lost over $12 million! This whale unstaked 17.87 million ENA ($8.78 million) [on Monday] and deposited it to Binance. The whale had accumulated these ENA on Binance at an average price of $1.17, resulting in a loss of over $12 million.” ENA is trading for $0.4484 at time of writing, down 4.6% in the last 24 hours. Next up, Lookonchain reports that crypto whales are buying up top altcoin Ethereum as its price chops around $2,600. “It seems that whales are accumulating ETH! 0xb99a…BcF5 withdrew 56,909 ETH ($151.6 million) from Binance [Monday]. 0xE...

Amid an ongoing price correction across the cryptocurrency market, Ripple’s December drop can’t stop its ongoing 44% surge as traders ponder whether or not XRP can end 2024 above the $2.50 mark. Indeed, the token has surged throughout the year but struggled during the holiday season along with the overarching market. There is an ongoing expectation that XRP will look to perform even better in the coming year. The token has thrived since the election of Donald Trump, and that sentiment could be massive for 2025. The question now is, just how high can it go, and what kind of head start can the conclusion of this year give it? Source: Investopedia Also Read: Ripple Surges 258% in 2024: What to Expect From XRP Next Year Ripple to End 2024 Above $2.50? What to Expect From XRP as 2025 Nears No matter how you slice it, 2024 has proven to be a massive win for the crypto sector. The asset class has been thriving, starting with the approval of crypto-based ETFs in January. In November...