TechFlow News: On May 15, on-chain analyst EmberCN (@EmberCN) observed that Multicoin Capital allegedly transferred 150,000 AAVE tokens (valued at approximately $14.91 million) to Galaxy Digital and BitGo. Subsequently, these tokens were dispersed across centralized exchanges including Binance, OKX, Coinbase, and Bybit—potentially indicating an intent to sell.
Previously, in November last year, Multicoin Capital accumulated 338,000 AAVE tokens at a price of $219 each. If sold now at $99 per token, its estimated loss on AAVE would exceed $40.56 million—a decline of roughly 55%.
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