One of Compound's lead investors, Bain Capital, has transferred 349,000 COMP tokens to an institutional business platform or may sell them all.

BlockBeats News, August 14th, according to on-chain data analyst Yu Jin's monitoring, Bain Capital Ventures, one of the lead investors in Compound Labs, transferred 349,000 COMP tokens (approximately 18.85 million USD) to a certain institutional business platform 9 hours ago. Currently, 87,250 COMP tokens (approximately 4.73 million USD) have been transferred to Binance, OKX, Bybit, and Gate.

Bain Capital Ventures is one of Compound's lead investors, and these COMP tokens are from their deployment address at Compound received 5 years ago.