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TechFlow, June 28 — According to on-chain analyst Ember (@EmberCN), a16z transferred 300,000 COMP tokens (approximately $13.75 million) to Coinbase Prime within the past 40 minutes. a16z is the lead investor in the decentralized lending protocol Compound and received 1 million COMP tokens in March 2020, representing 10% of COMP's total supply. After this transfer, a16z still holds 500,000 COMP tokens, worth approximately $22.9 million.
According to on-chain analyst Ember (@EmberCN), a16z transferred 300,000 COMP tokens (approximately $13.75 million) to Coinbase Prime within the past 40 minutes. a16z is the lead investor in the decentralized lending protocol Compound and received 1 million COMP tokens in March 2020, representing 10% of COMP's total supply. After this transfer, a16z still holds 500,000 COMP tokens, valued at approximately $22.9 million.
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