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Multicoin Capital involved in the transfer of 150,000 AAVE

Multicoin Capital involved in the transfer of 150,000 AAVE

AiCoinAiCoin2026/05/16 01:02
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On-chain monitoring shows that Multicoin Capital transferred 150,000 AAVE (worth about $14.9 million) to an exchange via Galaxy Digital and BitGo, after which the price of AAVE dropped from $99 down 7% to $92. Subsequently, Galaxy Digital withdrew 98,000 AAVE (worth about $9.08 million) from several exchanges and sent them back to the Multicoin Capital address, with AAVE price rebounding slightly to $93. (Yu Jin)
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