Data: Multicoin Capital allegedly stopped losses by selling 150,000 AAVE, approximately 14.91 million USD

According to on-chain analyst Yu Jin's monitoring, Multicoin Capital is suspected of stopping losses on AAVE. Multicoin Capital accumulated 338,000 AAVE at a price of $219 last November. An hour ago, it transferred 150,000 AAVE ($14.91 million) to Galaxy Digital and BitGo.

Subsequently, these AAVE were dispersed from Galaxy Digital and BitGo to centralized exchanges such as Binance, OKX, Coinbase, and Bybit, likely for sale. Based on a purchase price of $219 and a selling price of $99, it is estimated that their loss on AAVE will exceed $40.56 million (-55%).