According to data from on-chain analytics platform, holders of 10,000 to 1,000,000 COMP tokens have increasingly grown their holdings from 61% of the token’s available supply to over 74% in the last 90 days.

In addition, the number of sharks holding between one to 10,000 COMP tokens has grown by 14% in the last three months.

Interestingly, increased accumulation by these key addresses has intensified amid a consistent decline in the token’s value. According to CoinMarketCap, COMP exchanged hands at $39.75 at press time. Unfortunately, its price has dropped by over 30% in the last three months.