Key Notes
- a16z has deposited 400,000 COMP ($18.33M) into Coinbase in structured 100K batches.
- On-chain data shows no signs of internal reshuffling or redeployment, suggesting the move is not a hedge or rebalance.
- Despite sell pressure, COMP hovers near a key breakout level with upside targets up to $81.66 if resistance is breached.
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In a series of calculated, sparking concerns among market watchers, top venture capital firm Andreessen Horowitz (a16z) is quietly offloading significant portions of its Compound (COMP) holdings.
According to blockchain analytics platform OnChain Lens, a16z deposited another 100,000 COMP tokens—valued at approximately $4.58 million—into Coinbase on June 29, following earlier transfers totaling 300,000 COMP.
The A16Z (@a16zcrypto) has further deposited 100,000 $COMP worth $4.58M into #Coinbase.
In total, they have deposited 400,000 $COMP worth $18.33M into #Coinbase.
Address: 0x8e59e482ddb798382c5a58852b82a86f762a2479 pic.twitter.com/0ymxr1MHPG
— Onchain Lens (@OnchainLens) June 29, 2025
Until now, the total amount sent to the exchange by a16z stands at 400,000 tokens worth $18.33 million. As per an earlier report, even the founder of Compound, Robert Leshner, was allegedly caught dumping his COMP holdings, attracting criticism from market participants.
According to crypto researcher Charlie0, the sales are methodically structured in 100K batches every 24 hours into Coinbase Prime, with no visible signs of internal reshuffling, test transactions, or redeployment into DeFi protocols.
“That suggests it’s not a hedge or rebalance; it’s likely full divestment,” he stated. Unless this behavior changes, the move looks increasingly like a strategic exit.
Governance Token at Risk
Compound, a pioneer in decentralized finance (DeFi), has been a16z’s portfolio highlight since 2020, when the firm received 1 million COMP tokens as a lead investor.
Despite the selloff, a16z still holds around 275,000 COMP tokens—roughly $12 million at current prices, as per Arkham data.
Technical Analysis: Is There Still Hope?
Despite the looming sell pressure, COMP is trading near a pivotal breakout point. The daily chart reveals a descending triangle with a strong horizontal support near $43 and a downtrend resistance line from its December highs.
The target for the pattern is calculated by adding the height of the pattern to the breakout price—projecting a price target of approximately $57.
COMP Price Analysis | Source: TradingView
The RSI reads 45.37, hovering near neutral territory but slightly bearish, indicating weak momentum. Meanwhile, the MACD histogram is below the zero line, though the blue MACD line and signal line appear poised for a bullish crossover.
From a Fibonacci perspective, bullish targets stand at 0.236 Fib ($49.34), 0.382 Fib ($52.75), 0.5 Fib ($55.57), and another major resistance is at 0.618 Fib (58.51). The possibility of breaking $100 in the short-term remains slim.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
