According to @EmberCN, crypto VC Strobe Ventures transferred 7 million ENA worth about USD 5.15 million to Binance in the past 30 minutes on Aug 9, 2025, time-stamped by the post, source: @EmberCN on X. Strobe Ventures is described as a spin-out of BlockTower Capital, an institutional investor in Ethena, and the address reportedly received a 142.9 million ENA allocation about one year ago, source: @EmberCN on X. The same address still holds roughly 113.9 million ENA valued near USD 83.94 million, source: Arkham Intelligence explorer intel.arkm.com.

According to @0xScopescan, an address associated with BlockTower Capital transferred 10,000 ETH (worth $26.8 million) to FalconX, B2C2 Group, Wintermute, and Cumberland. After this transaction, the address now holds only 805 ETH (worth $2.1 million).

According to @ai_9684xtpa, BlockTower Capital has transferred 9231 ETH, worth $24.79 million, to three major market makers and one exchange in the past five hours, indicating a potential sell-off. The breakdown of the transfers is as follows: 2964 ETH to B2C2 Group, 2090 ETH to Wintermute, 639 ETH to Cumberland DRW, and 3538 ETH to FalconX exchange. BlockTower Capital is a cryptocurrency-focused financial firm, founded by a former ConsenSys employee.

According to Lookonchain, BlockTower Capital has sold 9,232 ETH, equivalent to $24.8 million, through multiple trading platforms including FalconX, Cumberland, Wintermute, and B2C2Group. This significant transaction could impact Ethereum's market dynamics and liquidity.