a16z transferred 276,000 COMP to Coinbase Prime

According to Odaily Planet Daily, on-chain analyst Yu Jin reports that crypto VC a16zcrypto has transferred 276,000 COMP (worth $7.6 million) to Coinbase Prime. a16z is the lead investor in Compound, having invested 1 million COMP in March 2020, representing 10% of the total COMP supply. Currently, a16z's on-chain addresses primarily hold 64 million UNI (worth $325 million) and 19.51 million OP (worth $5.71 million), with no COMP holdings.