A whale redeemed 4.33 million ENA 1 hour ago and transferred it to Binance, expecting a loss of 1.41 million dollars

According to on-chain analyst Ember monitoring, a whale may have lost $1.41M on $ENA. He accumulated 9.33 million ENA ($10.98M) from Binance and deposited it into Ethena pledge at a price of 1.176 dollars during the 4/5-11 period. 1 hour ago, he redeemed 4.33 million ENA ($3.7M) and transferred it to Binance, which may be sold for 0.85 dollars to achieve a loss of $1.41M. There are still 5 million ENA ($4.28M) in Ethena pledge.