$21 Million in Compound (COMP) Transferred to Coinbase: Price Impact
Thursday, 14 March 2024, 13:30
Polychain Capital's Strategic Transfer to Coinbase
Polychain Capital, a prominent venture capital firm, moved a significant amount of COMP tokens to Coinbase Prime, leading to market speculation.
Compound Price Movement
Despite holding COMP tokens through market fluctuations, Polychain transferred a considerable portion to Coinbase, resulting in a 7% price drop in COMP.
Community Sentiment
Traders like Astekz remain optimistic about DeFi tokens, viewing the current market movements as an opportunity for undervalued assets to shine.
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