On July 9, CoinWorld reported that on-chain analyst Yu Jin monitored that 3 hours ago, crypto VC a16z Crypto transferred the last 400,000 COMP (worth $16.48 million) from their address to Coinbase Prime, clearing their COMP holdings. They transferred 400,000 COMP to Coinbase Prime at the end of last month, and today they transferred another 400,000. In just 10 days, a total of 800,000 COMP has been transferred to Coinbase Prime, valued at up to $34.81 million. 10 days ago, when they transferred out 400,000 COMP, the COMP price was still at $46, but now the COMP price is only $41, a decline of 11%. Transferring out another 400,000 now may further drive down the COMP price.