Crypto Express

07/10 02:08

Compound: ai16Z moves $34.59M in COMP

 

Whale activity, rising inflows, and limited network engagement suggest continued downside risk for COMP.

Venture firm a16z’s large COMP transfers, surging exchange inflows, and whale outflows signal mounting sell pressure. With weak user activity, COMP risks breaking below its $40 support zone.

Venture capital firm ai16Z [AI16Z] has transferred 800,000 Compound [COMP] tokens worth $34.59 million to Coinbase in just ten days, including a $16.26 million deposit made. 

This sequence of high-volume deposits coincides with rising exchange inflows and renewed speculation around possible large-scale liquidation. 

Historically, such wallet movements from institutional players have preceded periods of increased selling pressure. With whales showing consistent distribution behavior, the market may soon face amplified volatility. Therefore, traders must weigh the potential impact of these deposits on COMP’s near-term price action.

The recent COMP deposits by ai16z, combined with rising Exchange Netflows and large holder outflows, suggest increasing sell-side pressure. 

Although the price is still holding near the $40 demand zone, there is little support from on-chain activity or user engagement. 

Unless whale outflows slow and active participation improves, the likelihood of a sustained recovery remains low.

Market participants should monitor these metrics closely before anticipating any upside.

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