Analyst Yu Jian states that a whale reinvested ETH sale gains into millions of LDO and ENA tokens, signaling a strategic portfolio shift.
On August 16, on-chain analyst Yu Jian reported that a whale, who sold ETH nine days earlier at $3,794 for a $1.65 million profit, spent 4.776 million USDC to acquire LDO and ENA tokens. The purchases comprised 1.88 million LDO at $1.47 each for 2.776 million USDC, and 2.884 million ENA at $0.69 each for 2 million USDC. The transactions suggest redeployment of recent ETH gains into alternative crypto assets.