a16z close all positions COMP, a total of 800,000 coins transferred to CEX within 10 days

Odaily News According to Yujin monitoring, a16z associated Address transferred the remaining 400,000 COMP (worth about $16.48 million) to Coinbase Prime 3 hours ago, completing close all positions. Previously, they had transferred 400,000 COMP at the end of last month, accumulating a total of 800,000 COMP transferred to Coinbase Prime within 10 days, worth about $34.81 million. Before and after the transfer, the price of COMP dropped from 46 dollars to 41 dollars, a decrease of about 11%. This large transfer may further impact the price of COMP.