PANews reported on November 11, 2026, citing on-chain analyst Yu Jin, that crypto VC Strobe Fund had transferred its remaining 50 million ENA—worth approximately $7.54 million—to Coinbase about an hour earlier. According to Yu Jin, the fund transferred a total of 101.95 million ENA, worth approximately $15.6 million, to Coinbase within one day.
Strobe Fund received an allocation of 142.9 million ENA through an investment about two years earlier. Yu Jin said the fund had sold its entire allocation for approximately $32.95 million in total, at an average price of about $0.23 per ENA.
For valuation purposes, the Coinbase transfers and the reported sale proceeds are distinct measures: a transfer records tokens moving to an exchange, while the proceeds figure describes the reported total sale. Neither figure alone establishes a valuation for ENA.
Original report: PANews, published November 11, 2026, at 23:24:47 UTC+08:00.