Compound (COMP), an ERC-20 token that empowers community governance of the Compound protocol, has experienced a surge in its trading price after the remarkable transfer. A whale that is related to the Compound team has deposited 20,000 COMP tokens to Coinbase. A whale related to ...
- The Compound team deposited 20,000 COMP worth around $1.5 million to Coinbase.
- Kraken has sold 131,900 COMP tokens through Cumberland.
A whale related to the Compound team deposited 20,000 $COMP ($1.5M) to #Coinbase 2 hrs ago.— Lookonchain (@lookonchain) July 21, 2023
And the whale currently has 402,462 $COMP ($29.8M) on #Compound.https://t.co/fZNr8QVDwG pic.twitter.com/olZT5yAFRH
On July 21, Santiment, the crypto market analyzer, reported that a whale account related to the Compound team deposited 20,000 COMP worth around $1.5 million to Coinbase, one of the leading crypto exchanges. Moreover, the whale currently holds a total of 402,462 COMP tokens, worth around $29.8 million.
Compound (COMP) Suspicious Whale Transaction
According to the report, the same whale account has received 644,556 COMP tokens worth $47 million from the Compound team and deployer. Following that, the wallet deposited 116,320 tokens worth approximately $6.5 million to the crypto exchange Coinbase. Moreover, the crypto trading platform Kraken has sold 131,900 COMP tokens through Cumberland and 27,800 tokens on the DEX.
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