Current COMP Situation: From a high to a bottom consolidation
The current trading price of COMP is $27.21, with a total market capitalization of approximately $263 million, ranking 99th globally and 25th in the DeFi sector. Compared to the all-time high of $910.54 reached in May 2021, this token has fallen by over 97%. However, it is worth noting that the circulating supply of COMP is as high as 9.68 million tokens, with a circulation rate of 96.68%, close to fully released.
From price fluctuations, COMP has experienced a typical bull-bear cycle: opening at $58 in June 2020, soaring to $280 in the same month; during the 2021 bull market, rising from $80 to a peak of $900; subsequently declining, and in June 2022, falling below the initial price, with a low of $22.89. Currently, COMP oscillates repeatedly in the $20-80 range, and the market has basically fully released the risk.
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