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Strobe Ventures’ ENA Exit: Separating Coinbase Transfers From Reported Sales

ChainCatcher reported on November 11, 2026, at 23:06 (UTC+8) that, according to on-chain analyst Yu Jin, Strobe Ventures had transferred its final 50 million ENA to Coinbase about an hour earlier.

The address identified in the report, 0x3C7...0f54, transferred 101.95 million ENA to Coinbase over one day, valued at approximately $15.6 million at the time reported. ChainCatcher also reported that Strobe Ventures had sold all 142.9 million ENA acquired through investment, for approximately $32.95 million in total at an average price of about $0.23 per ENA.

These are different measures: $15.6 million is the reported value of one day’s Coinbase transfers, while $32.95 million is the reported total sale value of the larger position. A transfer to an exchange does not, by itself, establish the price or execution of a sale.

Original report (ChainCatcher)