Compound's lead investor, Bain Capital Ventures, is suspected of selling 349,000 COMP tokens.

According to on-chain analyst Yu Jin, Bain Capital Ventures transferred 349,000 COMP (US$18.85 million) to an institutional trading platform nine hours ago. Currently, 87,250 COMP (US$4.73 million) has been transferred to Binance, OKX, Bybit, and Gate. Bain Capital Ventures is one of the lead investors in Compound, and these COMP were received from Compound's deployment address five years ago.