a16z has recently transferred a total of 12,864 MKR to Coinbase

According to Lookonchain, a16z has recently been reducing its MKR holdings via Coinbase. At the same time, another organization, CMS Holdings, has also been reducing its holdings of MKR. 

According to the data, a16z address (0x0517) deposited a total of 12,864 MKRs (about $12.6 million) into Coinbase through an intermediate address starting with "0xd520" since July 10, and transferred 6,900 MKRs (about $8 million) to a new address six hours ago. 396 MKRs (approx. USD 14.4 million) are still held at the a16z address (0x0517). 

In addition, CMS Holdings deposited 525 MKRs (approximately $614,000) with cex two hours ago, and 800 MKRs (approximately $936,000) are still held at the CMS Holdings address.