In a report published on November 12, 2026, at 11:45 a.m. UTC+8, TechFlow cited Lookonchain data showing that wallet 0x3C71 had transferred its remaining 102 million ENA, worth approximately $15.6 million, to Coinbase over the preceding two days.
According to the report, the wallet received 142.92 million ENA from Ethena roughly two years earlier, when the tokens were valued at about $69.69 million. Lookonchain said the address had sold its ENA at an average price of approximately $0.24 per token. At that average price, the reported holdings would have generated an estimated $34.3 million in total sales.
The distinction is between the wallet’s depleted ENA balance and confirmed sales: the report said it remained unclear whether all tokens recently transferred to Coinbase had been sold.