"Victory Belongs to the Believers" — Top #ethena Whale Turns $5M Bet into $10.67M Airdrop Windfall

In a textbook display of conviction and timing, the top whale on Ethena’s Season 4 leaderboard has turned a bold move into one of the most impressive wins yet.

Between May 21 and June 3, while $ENA dipped from $0.37 to $0.28, this whale went all-in, spending $5 million to buy nearly 450 million sUSDe YT expiring on July 31. At the time, Ethena’s APY was just above 2% — but today, with sUSDe yielding 9.74%, that position is generating an estimated $120,000 in daily interest.

This aggressive bet not only captured yield but also skyrocketed the wallet’s standing on the points leaderboard. With 839.5 billion Ethena points — 1.49x more than second place — and based on the airdrop rules guaranteeing at least 3.5% of the total, the whale is set to receive an estimated 21.94 million ENA, currently worth around $10.675 million.

What started as a calculated $5M move is now a multi-million dollar triumph, showing how bold strategy and timing can dominate in the airdrop game.

Wallet address: 0x0591926d5d3b9Cc48ae6eFB8Db68025ddc3adFA5