The cryptocurrency market has been abuzz with significant transactions involving large holders, known as "whales." These movements have drawn attention to potential fluctuations and losses that can occur even in substantial investments. Investors closely monitor whale movements, making it essential to know which altcoins they are targeting.

Recently, a whale transferred 3.76 million Lido DAO (LDO) tokens to Coinbase, valued at approximately $6.89 million. This transfer indicates a significant move, given the history of this position. The investor had opened a position of 6.94 million LDO on April 12, 2023, at an average price of $2.32 per token, which has since dropped to $1.84 per token. If the recent transfer to Coinbase is a sale, the investor will incur a loss of $3.05 million.

Another significant movement involved ENA tokens, where an ENA staker released all 23.24 million ENA tokens, valued at approximately $17.3 million, and sold 19.36 million ENA tokens at a significant loss. The staker had withdrawn 23.24 million ENA, worth about $30 million, from Binance between April 5 and April 10, when the cryptocurrency ENA price was $1.29 per token. The current assets amount to 3.88 million ENA, worth approximately $2.74 million, resulting in a loss exceeding $13 million.

Additionally, an address named Safe Multisig withdrew 9.3 million ENA from Bybit, valued at approximately $6.9 million, and staked them at Ethena Labs, marking another significant transaction involving large amounts of ENA tokens.

These transactions highlight the volatility of crypto investments, with substantial losses incurred by the whales. The LDO whale has seen a significant decrease in the value of their assets, while the largest ENA staker has faced even greater losses. These movements serve as a reminder to investors to conduct thorough research and be aware of the high volatility and risks associated with cryptocurrencies.