Strobe Ventures has transferred a cumulative total of approximately 51.95 million ENA to Coinbase.
Original headlineStrobe Ventures 向 Coinbase 累计转入约 5195 万枚 ENA
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Strobe Ventures transferred a cumulative 51.95 million ENA tokens, worth roughly $8.05 million, to Coinbase in two transactions of 50 million ENA (~$7.75 million) and about 1.951 million ENA (~$303,000), according to on-chain monitoring by Yu Jin on November 10. The move puts a notable slice of the venture firm's ENA position onto a major exchange, a pattern often watched as a precursor to potential selling. ENA is the governance token of Ethena, the synthetic dollar protocol. With no price impact disclosed in the report, traders will watch whether the deposited tokens are sold or held, and how Ethena's token price and exchange inflows respond in the sessions ahead.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
ENA (ENA), Strobe Ventures, Coinbase (COIN), 余烬
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