According to a report by Jinse Finance, on-chain analyst Yu Jin monitored that 3 hours ago, crypto VC @a16zcrypto transferred the last 400,000 $COMP (16.48 million USD) from their Address to Coinbase Prime. They cleared their $COMP Holdings. They had just transferred 400,000 $COMP to Coinbase Prime at the end of last month, and today they transferred another 400,000. In 10 days, they transferred a total of 800,000 $COMP to Coinbase Prime, worth up to 34.81 million USD!
10 days ago when they transferred out 400,000 COMP, the COMP price was still $46, now the COMP price is only $41. It has dropped by 11%.
Now another 400,000 have been transferred out, which may further cause the COMP price to drop.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
