PANews reported on June 28 that according to on-chain analyst Ember’s monitoring, crypto VC a16z transferred 300,000 COMP (US$13.75 million) to Coinbase Prime in the past 40 minutes. a16z is the lead investor in Compound and received 1 million COMP (10% of the total COMP) in March 2020. After transferring out 300,000 COMP this time, a16z still holds 500,000 COMP (US$22.9 million).
a16z transferred 300,000 COMP to Coinbase Prime in the past 40 minutes, worth about $13.75 million
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