Stablecoin

Compound

<ul> 
 <li><strong>The Compound team deposited 20,000 COMP worth around $1.5 million to Coinbase.</strong></li> 
 <li><strong>Kraken has sold 131,900 COMP tokens through Cumberland.</strong></li> 
</ul> 
<p>Compound (COMP), an ERC-20 token that empowers community governance of the Compound protocol, has experienced a surge in its trading price after the <a href="https://thenewscrypto.com/chatgpt-plugin-goes-live-for-compound-chainlink-and-vc-spectra/" target="_blank" rel="noopener noreferrer nofollow">remarkable</a> transfer. A whale that is related to the Compound team has deposited 20,000 COMP tokens to Coinbase.</p> 
<div align="center"> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr">A whale related to the Compound team deposited 20,000 <a href="https://twitter.com/search?q=%24COMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$COMP</a> ($1.5M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a> 2 hrs ago. <br><br>And the whale currently has 402,462 <a href="https://twitter.com/search?q=%24COMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$COMP</a> ($29.8M) on <a href="https://twitter.com/hashtag/Compound?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Compound</a>.<a href="https://t.co/fZNr8QVDwG" target="_blank" rel="noopener noreferrer nofollow">https://t.co/fZNr8QVDwG</a> <a href="https://t.co/olZT5yAFRH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/olZT5yAFRH</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1682315050902749184?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 21, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
</div> 
<p>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.</p> 
<h3 class="wp-block-heading" id="h-compound-comp-suspicious-whale-transaction">Compound (COMP) Suspicious Whale Transaction</h3> 
<p>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.</p> 
<p>The suspicious transactions have caught the attention of the crypto market. It raised questions among investors about the reason behind the whale transactions. Cryptocurrencies like Compound have gradually pervaded <a href="https://thenewscrypto.com/chatgpt-plugin-goes-live-for-compound-chainlink-and-vc-spectra/" target="_blank" rel="noopener noreferrer nofollow">mainstream</a> consciousness and gained traction. Moreover, the recent whale activity in the Compound has started reflecting on its trading price.&nbsp;</p> 
<p>At the time of writing, the trading price of Compound is around $71.97, with an increase of over 2.17% in the last 24 hours. The trading volume of the COMP has experienced a surge of around 24.53%, according to <a href="https://coinmarketcap.com/currencies/compound/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>.&nbsp;&nbsp;</p> 
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Compound (COMP) Employee Engages in Suspicious Whale Activity

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TheNewsCrypto

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