a16z crypto transferred the last 400,000 COMP to Coinbase Prime, equivalent to approximately $16.48 million.

According to a report by Jinse Finance, on-chain analyst Yu Jin monitored that 3 hours ago, crypto VC @a16zcrypto transferred the last 400,000 $COMP (16.48 million USD) from their Address to Coinbase Prime. They cleared their $COMP Holdings. They had just transferred 400,000 $COMP to Coinbase Prime at the end of last month, and today they transferred another 400,000. In 10 days, they transferred a total of 800,000 $COMP to Coinbase Prime, worth up to 34.81 million USD! 10 days ago when they transferred out 400,000 COMP, the COMP price was still $46, now the COMP price is only $41. It has dropped by 11%. Now another 400,000 have been transferred out, which may further cause the COMP price to drop.