Whale Deposits Final 102M $ENA ($15.6M) to Coinbase, Exits 142.92M Token Position

According to Lookonchain’s monitoring, whale address 0x3C71 has deposited its remaining 102 million ENA (valued at $15.6 million) into Coinbase over the past two days. The whale received 142.92 million ENA (worth $69.69 million) from Ethena two years ago, and has now fully sold all of its ENA holdings at an average price of $0.24 per token.

According to TradingBeats' monitoring, Nebius (NBIS) closed 18.32% higher in US stock trading overnight, reaching $158.55. A whale address starting with 0x8d60 added long positions during the rally, opening approximately $2.81 million in NBIS long contracts this morning using 1x isolated margin, with an average entry price of $157.48. After US market close, NBIS on-chain contracts briefly climbed to $159.12 before quickly retreating to a low of $145.38, a roughly 8.6% drop from the peak. As of 10:53 AM, the contract rebounded to $152.54, still about 3.1% below the whale’s average entry price. The whale currently holds around $2.7 million in long positions, with an unrealized loss of approximately $87,400. NBIS contracts have recorded around $76.44 million in 24-hour trading volume, with open interest rising roughly 14% from the same period yesterday, and nominal open interest standing at about $32.13 million. Nebius is scheduled to release its third-quarter financial results ahead of US market trading today, and hold a conference call at 21:00 Beijing time. Earlier, peer CoreWeave reported record quarterly revenue and raised its full-year revenue guidance, driving a rebound in AI cloud service stocks including Nebius and IREN.

According to CNBC, Nvidia’s stock price dropped more than 8% in after-hours trading on November 11 (Eastern Time). Earlier, The Wall Street Journal reported that Nvidia’s board of directors was preparing to remove co-founder Jensen Huang from his CEO post, with discussions on his possible ouster possibly taking place as early as that day. The New York Times reported the same day that Huang had an extramarital affair with Kimberly Powell, Nvidia’s vice president of healthcare who reports directly to him. The paper also previously reported that the board was investigating another extramarital relationship Huang had admitted to, involving an executive from Singaporean cloud computing firm Megaspeed. Jim Cramer, a former hedge fund manager and CNBC host, said that if Huang steps down, many investors may no longer be willing to hold Nvidia shares. However, he currently has no plans to add to his position amid sell-offs, nor does he plan to sell ahead of Nvidia’s earnings report on November 17 (Eastern Time). Using Apple’s example of continuing to thrive under Tim Cook after Steve Jobs’ death, Cramer argued that Nvidia could still achieve long-term success even without Huang. He also mentioned Ian Buck, the vice president who co-created CUDA, noting that the company has internal talent to handle potential leadership vacancies. Cramer added that he is currently more bullish on AMD, has added it to his watchlist, plans to build a position once trading restrictions are lifted, and intends to exit his Intel holdings.

According to EmberCN’s monitoring, Arthur Hayes transferred a total of $3 million in USDC to over-the-counter (OTC) platforms Flowdesk and Galaxy Digital approximately 10 minutes ago. Half a month prior, Hayes liquidated at least $49.25 million worth of various altcoins, noting he planned to wait for the market to fall further before buying the dip. The tokens have generally declined 15% to 30% since his sell-off, with the latest transfer likely serving as preparation for the dip purchase.

According to TradingBeats monitoring, Hyperliquid’s INIT perpetual contract is trading at approximately $0.112, down 49.78% in the past 24 hours, and has fallen around 59.92% from yesterday’s high of $0.279. Alongside the sharp price drop, the funding rate has stayed extremely negative, meaning short positions must pay funding fees to longs. Between 12:00 yesterday and 11:00 today, INIT’s hourly settlement rates were negative across all 24 consecutive rounds, totaling -7.70%, with 8 straight rounds hitting the -0.5% hourly rate level. The current reference funding rate remains at -0.117% per hour. The contract’s notional open interest stands at roughly $1.5 million, with a 24-hour trading volume of about $16.15 million. Earlier, Initia suspended its Layer 1 (L1) chain on November 10 due to a security incident. The project team disclosed that around $3.27 million in assets were transferred to attacker addresses, of which approximately $2.16 million remains on the suspended chain, and stated it plans to replenish the affected asset reserves.

According to OnchainLens monitoring, a trader holds a $30.71 million long position in NVIDIA (NVDA) with 5x leverage, currently facing an unrealized loss of $2.6 million. Just 11 hours ago, this same wallet had earned around $1.02 million from a long position in SNDK. Its cumulative historical profit and loss now totals $610,100.