Arrington Capital-linked address deposits $2.26M in COMP to Binance

An address believed to belong to crypto hedge fund Arrington Capital deposited 100,000 COMP ($2.26 million) to Binance over a four-hour period, EmberCN reported. Deposits to exchanges are typically interpreted as an intention to sell. As a result, the price of COMP fell approximately 4% over the four hours, from $22.9 to $22.