Address associated with the Compound team deposits 250,100 COMP into Coinbase Prime, approximately $11.2 million

PANews reported on May 16 that an address associated with the Compound team deposited 250,100 COMP (approximately $11.2 million) into Coinbase Prime in the past 3 hours.

This is the first transfer of COMP assets from this address in 9 months, having just redeemed 398,100 COMP (approximately $17.7 million) from Compound V3.

This address currently holds 148,032 COMP (approximately $6.58 million).