a16z transferred 276,000 COMP to an exchange Prime two hours ago

Jinse Finance reported that, according to on-chain analyst Ember's monitoring, two hours ago, a16z transferred 276,000 COMP ($7.6 million) into an exchange. a16z is the lead investor in Compound and acquired 1 million COMP (10% of the total COMP supply) in March 2020. Currently, the main holdings in a16z's on-chain address are 64 million UNI ($325 million) and 19.51 million $OP ($5.71 million), with no COMP remaining in the portfolio.