Compound: ai16Z moves $34.59M in COMP – Will prices dip below $40?

Key Points

1. Venture capital firm ai16Z transferred 800,000 COMP tokens worth $34.59 million to Coinbase in ten days, signaling potential distribution.

2. COMP traded at $40.72 near its demand zone, with RSI at 38.60 indicating potential oversold conditions, but strong sell signals from whale activity suggest further downside risk.

3. Exchange Netflow for COMP surged +317.84% over the past day, coinciding with ai16Z’s transfers, indicating increased selling pressure.

4. Large holder netflows increased by +611.04% over the past seven days, confirming sustained outflows from major COMP wallets and a bearish bias among influential participants.

5. Spot Volume entered a 'heating' phase, but combined with elevated exchange inflows, it may lead to sharp price swings rather than genuine interest.