Strobe Fund: Clears Final 50M ENA on Coinbase

Strobe Fund transferred the final 50 million ENA valued at $7.54 million to Coinbase, finishing liquidation of its entire 142.9 million token allocation obtained through a 2024 investment. The VC sent 101.95 million ENA worth $15.6 million to the exchange over the past day and realized $32.95 million in total proceeds at an average exit price of $0.23.

ENA trades at $0.15 inside its Bollinger Bands with upper resistance at $0.16 and lower support at $0.15. Price sits below the EMA50 at $0.16 and the EMA200 at $0.19, confirming the bearish structure, while RSI at 40.67 remains neutral and MACD shows a fresh golden cross. With price testing upper Bollinger resistance at $0.16 while the longer-term EMAs cap upside, a healthy retracement toward the EMA50 support at $0.16 appears probable before any sustained move higher.