Coinbase Ventures takes a fresh position in Ethena's ENA after buying on the open market

Coinbase Ventures, the investment arm of Coinbase, disclosed that it has invested in Ethena's native token, ENA. The purchase was executed in the open market rather than through a direct OTC transaction. Following the announcement, ENA rallied, rising from around $0.083 to as high as $0.104 at the time of writing.