Crypto venture capital firm Strobe Ventures transferred 51.95 million ENA tokens, valued at approximately $8.05 million, to Coinbase in a move recorded three hours ago on November 10. The deposit signals continued distribution of the project's token holdings by early investors.
The firm originally acquired a total allocation of 142.9 million ENA through its investment two years ago. Strobe Ventures currently retains 50 million ENA worth approximately $83.94 million and has already sold around 93 million ENA, realizing cumulative profits of $25.41 million from prior disposals.
Strobe Ventures Transfers 51.9M ENA Worth $8.05M to Coinbase Amid Ongoing Sell-Off
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