According to ChainCatcher's report, based on Yujin monitoring, the venture capital firm a16z crypto (@a16zcrypto) transferred the remaining 400,000 COMP tokens (worth approximately $16.48 million) from its address to Coinbase Prime about 3 hours ago, completely emptying its COMP token holdings.
They had transferred 400,000 COMP tokens to Coinbase Prime at the end of last month, and today they transferred another 400,000. Within 10 days, they transferred 800,000 COMP tokens to Coinbase Prime, valued at up to $34.81 million.
10 days ago, when they transferred 400,000 COMP tokens, the COMP price was still $46, and now it is only $41. It has dropped by 11%. Now that they have transferred another 400,000, it may cause the COMP token price to further decline.


