a16z liquidated COMP and transferred a total of 800,000 COMP to CEX within 10 days
Odaily News According to monitoring by Ember, the a16z associated address transferred the remaining 400,000 COMP (worth about $16.48 million) to Coinbase Prime 3 hours ago, completing the liquidation. They had previously transferred 400,000 COMP at the end of last month, and a total of 800,000 COMP were transferred to Coinbase Prime within 10 days, worth about $34.81 million.
Before and after the transfer, COMP price dropped from $46 to $41, a drop of about 11%. This large transfer may have a further impact on COMP price.
You may also like

Fogo Launch and Market Cap Potential: A Deeper Dive into Binance’s Prime Sale and High-Performance Blockchain
Key Takeaways The Fogo public chain launched its FOGO token sale on Binance Wallet’s Pre-TGE Prime Sale, set…

UK Lawmakers Urge Ban on Political Donations in Crypto
Key Takeaways: A group of senior UK lawmakers is pushing for a legislative ban on political donations in…

Top UK Lawmakers Advocate for Ban on Crypto Political Donations
Key Takeaways Seven UK parliamentary committee chairs call for legislation to ban crypto donations, citing concerns over transparency…

UK Backbenchers Committee Demands Total Ban on Crypto Political Contributions
Key Takeaways: A group of senior Labour MPs are advocating for a total ban on cryptocurrency donations to…

Vietnam Sets Mid-January Timeline for Pilot Crypto Exchange Approvals
Key Takeaways Vietnam aims to regulate its growing cryptocurrency market by licensing pilot digital asset exchanges under a…

Multicoin: Why Are We Bullish on Stablecoins as FinTech 4.0?

TradFi Titan EquiLend Invests in Digital Prime to Connect $40 Trillion Assets with Tokenized Markets
Key Takeaways EquiLend, a major player in securities finance, has made a strategic investment in Digital Prime Technologies…

The Fintech 4.0 era is approaching, and a deep understanding of users will become a core competitive advantage

How Ripple Plans to Connect Crypto with Wall Street: A Deep Dive into Its $4 Billion Expansion
Key Takeaways Ripple is investing a massive $4 billion to integrate prime trading, treasury tools, payments, and custody,…

Limitless has successfully closed a $10 million seed funding round, and the LMTS token launch is imminent
Polymarket Odds Heavily Favor Mark Carney Over Pierre Poilievre in Canada’s Snap Election
As Canadians prepare to vote in this unexpected snap election on August 18, 2025, betting enthusiasts on platforms…
Fogo Launch and Market Cap Potential: A Deeper Dive into Binance’s Prime Sale and High-Performance Blockchain
Key Takeaways The Fogo public chain launched its FOGO token sale on Binance Wallet’s Pre-TGE Prime Sale, set…
UK Lawmakers Urge Ban on Political Donations in Crypto
Key Takeaways: A group of senior UK lawmakers is pushing for a legislative ban on political donations in…
Top UK Lawmakers Advocate for Ban on Crypto Political Donations
Key Takeaways Seven UK parliamentary committee chairs call for legislation to ban crypto donations, citing concerns over transparency…
UK Backbenchers Committee Demands Total Ban on Crypto Political Contributions
Key Takeaways: A group of senior Labour MPs are advocating for a total ban on cryptocurrency donations to…
Vietnam Sets Mid-January Timeline for Pilot Crypto Exchange Approvals
Key Takeaways Vietnam aims to regulate its growing cryptocurrency market by licensing pilot digital asset exchanges under a…