Nancy|11月 11, 2026 15:50
Just now, on-chain monitoring detected a concerning signal: early-stage investment firm Strobe Fund completely liquidated its ENA holdings, transferring all 142.9 million tokens to exchanges or selling them, realizing approximately $32.95 million.
Back in April, when ENA reached its all-time high of $1.50, this position was worth over $210 million. After a prolonged decline, falling from $1.00 to below $0.50 and finally reaching a low of around $0.20, the firm refrained from large-scale selling.
Recently, the price rebounded to around $0.23 and fluctuated, yet this long-time investor chose to liquidate its holdings at this crucial moment. Based on the $32.95 million transaction volume, the average price was approximately $0.23, representing a loss of about 85% from its peak.
This concentrated selling pressure of 140 million tokens adds to the heaviness of the market. When early-stage institutions that have been involved for over a year completely exit, this is often interpreted as a shift in confidence regarding the project's future growth potential or governance expectations.
Do you think Strobe Fund sold just before a rebound, or do you agree that they avoided greater potential risks?
ENA StrobeFund Cryptocurrency
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