Venture capital firm a16z crypto has transferred 276,000 COMP tokens, valued at approximately $7.6 million, to Coinbase Prime, according to monitoring by EmberCN. a16z, a leading investor in Compound, initially acquired 1 million COMP tokens in March 2020, representing 10% of the total supply. The firm no longer holds any COMP, with its current blockchain addresses primarily holding 64 million UNI (approximately $325 million) and 19.51 million OP (around $5.71 million).
a16z Crypto Transfers $7.6 Million in COMP to Coinbase Prime
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