Strobe Fund deposits $8.1M in ENA to Coinbase

Crypto venture capital firm Strobe Fund deposited 51.95 million ENA worth $8.05 million to Coinbase two hours ago, EmberCN reported. Exchange deposits are typically interpreted as being intended for selling. Strobe Fund was allocated 142.9 million ENA through an investment two years ago and currently holds 50 million ENA worth $7.67 million. So far, the fund has sold 93 million ENA and realized $25.41 million in profit.