One of the largest crypto venture capitalists, A16Z has moved a large number of tokens from Altcoin to centralized exchanges, according to Onchain data.
ONCHAIN data showed that the A16Z-linked crypto wallet moved 300,000 compound (COMP) tokens worth $13.75 million to Crypto Exchange Coinbase Prime.
As one of the leading investors in compounds, A16Z was an early investor, receiving 1 million comps or 10% of total supply in March 2020.
Interestingly, if you look at the entire A16Z cryptocurrency holdings, the total balance is $451 million. $428 million of this is found in Uniswap (UNI) tokens. Another notable cryptocurrency asset is Optimism (OP), worth $10.52 million.
They also have a modest investment of just $13,000 on the Ethereum side.
*This is not investment advice.
