Strobe Ventures transferred all 101.95 million $ENA tokens to Coinbase, completely closing its position 😳
Moving this much to an exchange usually means selling. $ENA is currently at 0.1528, down 2.30% in 24 hours and still 37.5% below its 30-day high—it was already weak.
Meanwhile, $BTC 24-hour gains of 0.94% and $ETH up 2.17% are pushing higher, while this one is still getting hammered. That divergence looks pretty bad. If they do sell, watch whether trading volume on Coinbase can absorb it.
Moving this much to an exchange usually means selling. $ENA is currently at 0.1528, down 2.30% in 24 hours and still 37.5% below its 30-day high—it was already weak.
Meanwhile, $BTC 24-hour gains of 0.94% and $ETH up 2.17% are pushing higher, while this one is still getting hammered. That divergence looks pretty bad. If they do sell, watch whether trading volume on Coinbase can absorb it.
