According to on-chain analyst Yu Jin, Strobe Ventures transferred its final 50 million ENA to Coinbase roughly an hour before Odaily’s report was published on November 11, 2026, at 22:58 (UTC+8). Yu Jin described the move as completing the crypto VC’s exit.
The address identified in the report, 0x3C7...0f54, transferred 101.95 million ENA to Coinbase over one day, worth approximately $15.6 million. Yu Jin reported that Strobe Ventures had sold all 142.9 million ENA it obtained through investment, for approximately $32.95 million in total at an average price of about $0.23 per ENA.
The one-day Coinbase transfer figure and the reported total sale figure measure different things. Neither, on its own, establishes ENA’s valuation or says anything about protocol revenue or value accruing to token holders.