On November 11, 2026, TechFlow reported that on-chain analyst Ember (@EmberCN) had tracked the final 50 million ENA held by crypto venture fund Strobe Fund (@strobefund) moving to Coinbase roughly an hour earlier. That transfer was valued at about $7.54 million. According to the report, Strobe Fund transferred a total of 101.95 million ENA, worth approximately $15.6 million, to Coinbase that day.
TechFlow said Strobe Fund had received an allocation of 142.9 million ENA through an investment roughly two years earlier. It reported that the full allocation had been sold for a total of about $32.95 million, at an average price of approximately $0.23 per token.
The reported exchange transfers document the exit, but the brief report does not establish how those sales affected ENA’s market price or why Strobe Fund sold.
Original report: TechFlow, published November 11, 2026, at 23:16 (UTC+8).