a16z liquidates all COMP holdings, transferring 800,000 tokens to CEX within 10 days
Odaily Planet Daily reported that, according to Ember monitoring, an a16z-associated address transferred its remaining 400,000 COMP (worth approximately $16.48 million) to an exchange three hours ago, completing a full liquidation. Previously, at the end of last month, they had already transferred 400,000 COMP to an exchange. In total, 800,000 COMP, valued at about $34.81 million, have been transferred to the exchange within 10 days.
Before and after the transfers, the price of COMP dropped from $46 to $41, a decline of about 11%. This latest large-scale transfer may further impact the price of COMP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer Ties CPI Relief to $40 Oil, but Brent Trades Over $92
New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds
Report: Anthropic Plans to Raise Issuance Price, Seeks $1.5 Trillion Valuation, and Aims to Raise Over $100 Billion
Anthropic's IPO roadshow received strong investor demand within less than a day, prompting underwriters to consider raising the offering price to above $78 per share. The company’s valuation is expected to surpass 1.5 trillions USD, with total fundraising likely to exceed 100 billions USD. According to three Anthropic shareholders, the company's main goal is to raise as much capital as possible to support its extensive computing power expenditure plans.
Crypto prices
More
