Strobe Fund transfers final 50 million ENA worth 7.5 million to Coinbase

Strobe Fund transferred the final 50 million ENA, valued at approximately 7.54 million dollars, to Coinbase. This transaction was reported by on-chain analyst EmberCN. In the past 24 hours, Strobe Fund deposited a total of 101.95 million ENA, worth about 15.6 million dollars, to Coinbase, indicating a likely intention to sell. The firm had initially received around 142.9 million tokens from its investment in Ethena (ENA), and this latest sale appears to complete the liquidation of its entire allocation. Total sales are estimated at 32.95 million dollars, with an average selling price of about 0.23 dollars. At the time of writing, ENA was trading at 0.153 dollars, down 1.75%.

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