After Compound freezes its USDC market, COMP holders’ voting behavior will likely become more defensive, with a focus on risk mitigation. Governance proposals related to liquidity solutions and reserve management may gain traction. Historically, COMP price has reacted positively to governance engagement, but uncertainty could lead to short-term volatility. If large holders align on stabilizing protocol health, sentiment may improve. However, prolonged liquidity concerns could deter new capital inflows, impacting COMP valuation.