The large amount of transfers of a whale with millions of dollars worth of Compound (COMP) investment attracted attention.
Provided by the on-chain analytics platform Lookonchain data According to an anonymous whale approx. 1.5 million dollars worth of COMP to the cryptocurrency exchange Coinbase. Market analysts interpreted the transfer transaction as a pre-sale preparation.
The address of the whale, which is the subject of the news, is especially 2021 And 2022 He attracted attention with the large amount of COMP transfers in the years. From the Compound team current value 47 million dollars the one which… 644 thousand 556 COMP It is estimated that the whale that got it was one of the crew. Whale gradually transferred some of the assets he received from the team to the exchanges at different times. Cryptocurrency exchanges in these transactions coinbase And to Kraken in total in the process $6.5 million worth 116,320 COMP transferred.
This dynamism in the large amount of COMP, taken from the wallets of Compound’s team years ago, caused concern among investors.
In addition, through Cumberland $24 million worth 131 thousand 900 COMP sold it. The wallet, which continues its transactions, is via a decentralized exchange. $725,000 COMP more sold.
Looking at the current data, the total number of whales $29.8 million worth 402 thousand 462 pieces of COMP It looks like he’s still holding on.
In the last 1 week according to CoinGecko data 5.3% rise exhibiting COMP at the time of writing from $72 is being traded.