Crypto VC Strobe Fund liquidates 142.9 million ENA tokens, cashing out approximately $32.95 million in total
Original headline加密风投 Strobe Fund 清仓 1.429 亿枚 ENA，累计套现约 3295 万美元
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Crypto venture firm Strobe Fund has fully liquidated its 142.9 million ENA allocation, transferring the final 50 million tokens (about $7.54 million) to Coinbase and bringing total proceeds to roughly $32.95 million at an average price near $0.23. The firm moved 101.95 million ENA (about $15.6 million) to the exchange within a single day, per on-chain analyst EmberCN. The tokens were originally acquired through an investment roughly two years ago. The full exit removes a large holder overhang from Ethena’s governance token and puts focus on whether other early backers follow suit and how ENA absorbs the added exchange supply.
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
Strobe Fund, ENA (ENA), Coinbase (COIN), 余烬
A linked name opens that asset's sentiment page.