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a16z liquidates COMP, transferring 800,000 tokens to CEX within 10 days
Summary: According to reports, a16z's associated address transferred the remaining 400,000 COMP tokens (worth approximately $16.48 million) to Coinbase Prime three hours ago, completing the liquidation. Previously, they had transferred 400,000 COMP tokens at the end of last month, accumulating a total of 800,000 tokens to Coinbase Prime within 10 days, worth around $34.81 million. The ...
According to reports, a16z's associated address transferred the remaining 400,000 COMP tokens (worth approximately $16.48 million) to Coinbase Prime three hours ago, completing the liquidation. Previously, they had transferred 400,000 COMP tokens at the end of last month, accumulating a total of 800,000 tokens to Coinbase Prime within 10 days, worth around $34.81 million. The price of COMP dropped from $46 to $41 before and after the transfer, a decrease of approximately 11%. This significant transfer may further impact the price of COMP.
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Link: a16z liquidates COMP, transferring 800,000 tokens to CEX within 10 days [Copy]
