COMP Price Pumps 31% on Upbit News While Founder Allegedly Sells Millions

• Compound (COMP) price surges 31% to ~$51 ahead of Upbit listing Apr 1
• Rally occurs despite reports of founder Leshner moving 50k COMP (~$3.5M) to Binance
• TA shows COMP breakout above upper BB; RSI high (~60) nears overbought

Compound (COMP), an early DeFi lending protocol on Ethereum, witnessed a massive 31.01% price surge over the last 24 hours. It currently trades near $50.91, according to CoinMarketCap data.

This rally coincides with reports suggesting its founder, Robert Leshner, allegedly moved 50,000 COMP tokens potentially for selling. This movement occurred just ahead of the token’s highly anticipated listing on South Korea’s largest exchange, Upbit (COMP/KRW pair).

Details Emerge on Founder’s Alleged Token Movement

On-chain monitoring service “ai_9684xtpa” reported token movements possibly linked to Compound founder Robert Leshner. According to their tracking, 50,000 COMP tokens, initially transferred by a Leshner-associated wallet to Galaxy Digital three weeks prior (March 12) when valued around $2.03 million, were reportedly deposited to the Binance exchange Tuesday (April 1).

Their current value is approximately $3.5 million, suggesting…

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