On-chain monitoring shows that crypto VC Strobe Ventures has fully liquidated $ENA all of its positions. Its final 50 million ENA, worth approximately $7.54 million, was transferred to Coinbase an hour ago. A total of 101.95 million ENA, worth approximately $15.6 million, was transferred over the past day.
With this, all 142.9 million ENA allocated to Strobe have been sold, for total proceeds of approximately $32.95 million and an average sale price of about $0.23. For the market, this means concentrated selling pressure from early institutional holders has temporarily subsided, though the pace of actual trading following the large transfers to exchanges remains to be seen. A VC exit does not in itself determine a project’s fundamentals, but it can directly affect short-term circulating supply and holder sentiment. Going forward, it is worth keeping an eye on the distribution of ENA holdings on-chain and changes in net exchange inflows.
#Ethena #On-chain data
With this, all 142.9 million ENA allocated to Strobe have been sold, for total proceeds of approximately $32.95 million and an average sale price of about $0.23. For the market, this means concentrated selling pressure from early institutional holders has temporarily subsided, though the pace of actual trading following the large transfers to exchanges remains to be seen. A VC exit does not in itself determine a project’s fundamentals, but it can directly affect short-term circulating supply and holder sentiment. Going forward, it is worth keeping an eye on the distribution of ENA holdings on-chain and changes in net exchange inflows.
#Ethena #On-chain data