a16z crypto transferred 300,000 COMP to Coinbase Prime in the last 40 minutes

BlockBeats News, June 28th, according to on-chain data analyst Loma, cryptocurrency venture capital firm a16z crypto transferred 300,000 COMP tokens (approximately $13.75 million) to Coinbase Prime in the past 40 minutes.

It is reported that a16z is the lead investor of Compound, having received 1 million COMP tokens (10% of the total COMP supply) in a March 2020 investment. After this transfer of 300,000 COMP tokens, a16z still holds 500,000 COMP tokens (approximately $22.9 million).