List of Flash News about DeFi token movement
Time | Details |
---|---|
2025-05-16 01:10 |
Compound Team Transfers 250,000 COMP ($11.14M) to Coinbase Prime: Potential Market Impact
According to @EmberCN, an address likely belonging to the Compound Finance team transferred 250,000 COMP tokens, valued at $11.14 million, to Coinbase Prime approximately two hours ago. Historical on-chain data shows this address received a total of 609,000 COMP from 'Compound: Team 2' during 2021-2022. The address still holds 150,000 COMP ($6.7 million). Such significant token transfers to centralized exchanges can indicate potential selling pressure, which traders should monitor for possible COMP price volatility and its downstream impact on the DeFi and broader crypto markets (Source: @EmberCN, etherscan.io). |