a16z Transfers 300,000 COMP Tokens to Coinbase Prime, Retains 500,000 COMP Holdings

According to recent on-chain analysis by Loma, the prominent cryptocurrency venture capital firm a16z Crypto executed a significant transfer of 300,000 COMP tokens, valued at roughly $13.75 million, to Coinbase Prime within a 40-minute window. This movement highlights strategic asset management by a16z, which initially secured 1 million COMP tokens—representing 10% of Compound’s total supply—during its March 2020 funding round. Post-transfer, a16z retains a substantial holding of 500,000 COMP tokens, currently worth approximately $22.9 million. This transaction underscores the ongoing liquidity adjustments by key investors in the decentralized finance (DeFi) sector, reflecting prudent portfolio rebalancing amid evolving market conditions.