Blockchain Capital allegedly transferred 216,000 AAVE to Coinbase Prime, worth approximately 24.8 million dollars

According to crypto analyst Yu Jin @EmberCN, the investment firm Blockchain Capital has transferred all of its 216,000 AAVE to Coinbase Prime, worth approximately $24.8 million.

The firm had accumulated about 233,000 AAVE from October 2020 to March 2023, with an average price of around $94, and has long been one of the major institutional holders of AAVE. Previously, near the price peak of AAVE in December 2024, Blockchain Capital sold 16,900 AAVE through FalconX, worth about $5.04 million. After this transfer, its early holdings have basically been fully exited.