a16z Transfers 276,000 COMP to Coinbase Prime, Exiting COMP Holdings After Early Compound Investment
COMP/USDT
$10,455,645.40
$24.08 / $23.10
Change: $0.9800 (4.24%)
+0.0036%
Longs pay
COINOTAG News reports, citing on-chain analyst Yingyanjian, that on December 16 a16z transferred 276,000 COMP (about $7.6 million) to Coinbase Prime. As the lead investor in Compound since 2020, a16z previously received 1 million COMP, representing 10% of the token’s fixed supply.
A on-chain snapshot shows a16z‘s wallet currently holds roughly 64 million UNI (around $325 million) and 19.51 million OP (about $5.7 million), with no remaining COMP holdings.
The move highlights ongoing activity among major DeFi participants and provides a factual data point for investors monitoring on-chain token flows and liquidity.
This update offers credible market context without speculation, focusing on verifiable transfers and asset allocations within the ecosystem.