According to Odaily, Taran, the founder of the over-the-counter (OTC) trading platform STIX, has reported that since the launch of ENA, OTC sellers have shown interest in selling their locked ENA. The sellers are looking to sell at a valuation ranging from $2 billion to $3 billion, despite the fact that the fully diluted valuation (FDV) of ENA at the time was as high as $20 billion.
Taran suggests that a more reasonable selling price for the locked ENA at present would be a valuation of $1.5 billion to $2 billion, which represents approximately a 70% discount. This indicates that the sellers are willing to accept a significant markdown on their investment, potentially due to market conditions or other undisclosed factors.
This development could have implications for the broader cryptocurrency market, particularly for other digital assets that are also in a locked state. The willingness of these OTC sellers to accept a lower valuation could potentially set a precedent for similar transactions in the future.