STIX founder: The reasonable off-market valuation of ENA in locked state should be discounted by 70%

Taran, the founder of the over-the-counter trading platform STIX, wrote on X that since ENA went online, OTC sellers (investors) have contacted us, wanting to sell locked ENA at a valuation of US$2 billion to US$3 billion (the FDV of ENA was as high as US$20 billion at the time). The reasonable selling price of locked ENA should now be a valuation of US$1.5 billion to US$2 billion (about 70% discount).