a16z transfers 300,000 Compound tokens to Coinbase Prime

Uk Jin

Summary

It is reported that a16z recently transferred 300,000 Compound (COMP) tokens to Coinbase Prime.
The value of this transfer is said to be approximately $13,750,000 based on current market prices.
a16z is still confirmed to hold 500,000 Compound tokens (about $22,900,000).

According to on-chain analyst AmberCN on the 28th (KST), a16z transferred 300,000 Compound (COMP) tokens to Coinbase Prime in the past 40 minutes. The value at the time, based on the prevailing price, was approximately $13,750,000.

a16z is a major investor in Compound. Previously, in March 2020, a16z secured 1,000,000 tokens through an investment in Compound.

Currently, a16z reportedly holds 500,000 Compound tokens (worth about $22,900,000).

COMP

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

a16z transfers 300,000 Compound tokens to Coinbase Prime

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