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a16z crypto transfers 300,000 COMP to Coinbase Prime in the past 40 minutes

Summary: According to on-chain data analyst Yu Jin, crypto venture capital firm a16z crypto transferred 300,000 COMP (approximately $13.75 million) into Coinbase Prime in the past 40 minutes. It is reported that a16z is the lead investor in Compound, having invested in 1 million COMP (10% of total COMP supply) in March 2020. After this transfer ...

According to on-chain data analyst Yu Jin, crypto venture capital firm a16z crypto transferred 300,000 COMP (approximately $13.75 million) into Coinbase Prime in the past 40 minutes. It is reported that a16z is the lead investor in Compound, having invested in 1 million COMP (10% of total COMP supply) in March 2020. After this transfer of 300,000 COMP, a16z still holds 500,000 COMP (approximately $22.9 million).

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