TechFlow news: On May 16, according to on-chain analyst Yu Jin (@EmberCN), Multicoin Capital transferred 150,000 AAVE tokens (approximately $14.91 million) yesterday morning via Galaxy Digital and BitGo to multiple centralized exchanges (CEXs), including Binance, OKX, Coinbase, and Bybit. Subsequently, the AAVE price dropped approximately 7% from $99 to $92. Later, Galaxy Digital withdrew 98,000 AAVE tokens (approximately $9.08 million) from those exchanges back to a Multicoin Capital address, prompting a slight rebound in the AAVE price to $93.
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