According to @EmberCN, a Strobe Ventures-linked address transferred 7,000,000 ENA to Binance last night. According to @EmberCN, the address withdrew 5,087,000 USDC about eight hours later. According to @EmberCN, this indicates the 7,000,000 ENA were fully sold at an average execution price of $0.726, with realized proceeds of approximately $5.087 million in USDC.

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.