A16z crypto transfers 300000 COMPs to Coinbase Prime in the past 40 minutes

According to BlockBeats, on June 28th, according to on chain data analyst Yu Jin's monitoring, crypto venture capital firm a16z crypto has transferred 300000 COMPs (approximately $13.75 million) into Coinbase Prime in the past 40 minutes. It is reported that a16z is the leading investment institution of Compound, which invested and obtained 1 million COMPs (10% of the total COMP) in March 2020. After transferring 300000 COMPs this time, a16z still holds 500000 COMPs (approximately 22.9 million US dollars).