# Crypto VC Strobe Moves $5.15M ENA to Binance Crypto venture capital firm Strobe has deposited a significant amount of ENA tokens into Binance. According to data from EmberCN, Strobe's address transferred 7 million ENA, valued at approximately $5.15 million, to the cryptocurrency exchange within the last 30 minutes. # Strobe's ENA Holdings Strobe, which originated from BlockTower Capital, had previously received a substantial allocation of 142.9 million ENA a year ago, highlighting its early involvement with the Ethena project. Even after this recent deposit, Strobe continues to hold a considerable amount of ENA, with its current holdings totaling 113.9 million ENA, worth an estimated $83.94 million. This move suggests a potential strategic shift or profit-taking by the VC firm. # Impact on ENA Market The deposit of a large amount of ENA into Binance could potentially impact the token's price. Large transfers to exchanges often precede selling activity, but the long-term effects will depend on market dynamics and overall investor sentiment towards Ethena. ```