PANews
PANews|Jul 09, 2025 00:16
A16z Crypto has cleared its COMP position and today transferred another 400000 COMPs to Coinbase Prime According to on chain analyst Yu Jin's monitoring, three hours ago, crypto VC a16z Crypto transferred the last 400000 COMPs ($16.48 million) in their address to Coinbase Prime, clearing their COMP holdings. They only transferred 400000 COMPs to Coinbase Prime at the end of last month, and today they transferred another 400000. Within 10 days, 800000 COMPs worth up to 34.81 million US dollars were transferred to Coinbase Prime. When they transferred 400000 COMPs 10 days ago, the COMP price was still $46, and now the COMP price is only $41. It has dropped by 11%. Now another 400000 pieces have been transferred out, which may further lower the COMP price.
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