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Report Shows Majority of Compound Holders Are Speculators, CEO Says It's "False Information"
Summary: Compound investors, majorly composed by speculators, are selling their tokens (COMP) immediately after it gets listed on exchanges, as shown by Flipside Crypto’s report. The report finds that large holdings of COMP flow from investors to exchanges as soon as it gets listed on exchange platforms. For example, listing on Coinbase led COMP price to ...
Compound investors, majorly composed by speculators, are selling their tokens (COMP) immediately after it gets listed on exchanges, as shown by Flipside Crypto’s report.
The report finds that large holdings of COMP flow from investors to exchanges as soon as it gets listed on exchange platforms. For example, listing on Coinbase led COMP price to shot down, “probably driven by this one investor liquidating”. Additionally, the report also finds that speculators are dominantly large in the Compound users’ pool.
Cointelegraph approached to Compound Finance CEO Robert Leshner for comment. “I won't go on record and debate false information, it gives credence to bad reporting and smears. I will, however, after your article is published, point out how flawed it is”, commented Leshner.
By Lily Yang
Tags: COMP,Compound,Market
Link: Report Shows Majority of Compound Holders Are Speculators, CEO Says It's "False Information" [Copy]
