PANews reported on May 16 that according to Spot On Chain, an address associated with the Compound team deposited 250,100 COMP (approximately US$11.2 million) into Coinbase Prime in the past 3 hours.
This is the first time the address has transferred COMP assets in 9 months, after it redeemed 398,100 COMP (about US$17.7 million) from Compound V3.
The address currently still holds 148,032 COMP (approximately US$6.58 million).
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Trading time: As Bitcoin hits the 106,000 resistance, some BTC and ETH whales start shorting before the results of the China-US negotiations and the announcement of CPI
Abraxas Capital withdraws nearly 22,000 ETH from Kraken and deposits it into Aave, etc., with a current floating profit of $650,000
The Compound team address transferred 150,000 COMP to the exchange
Ledger Live integrates Kiln to support self-custodial stablecoins to earn income
The suspected Compound founder’s address transferred 166,500 COMP to Coinbase Prime
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