PANews, July 9 news, according to on-chain analyst Yu Jin's monitoring, 3 hours ago, crypto VC a16z Crypto transferred the last 400,000 COMP (16.48 million USD) from their address to Coinbase Prime, clearing their COMP holdings.
They had just transferred 400,000 COMP into Coinbase Prime at the end of last month, and today they transferred another 400,000. In just 10 days, they transferred a total of 800,000 COMP into Coinbase Prime, worth up to 34.81 million USD.
When they transferred out 400,000 COMP 10 days ago, the COMP price was still at 46 USD, but now the COMP price is only 41 USD. It has dropped by 11%. Now transferring out another 400,000 may further decrease the COMP price.
