Multicoin Capital will transfer 150,000 AAVE to a centralized exchange via a liquidity provider, or may sell.

BlockBeats News, May 15th - According to Pythia Analytics, in the past hour, Multicoin Capital transferred 150,000 AAVE tokens (worth $14.91 million) to Galaxy Digital and BitGo. Subsequently, these AAVE tokens were further distributed from Galaxy Digital and BitGo to CEXs such as Binance, OKX, Coinbase, Bybit, where they may be sold.

Back in November last year, Multicoin Capital accumulated 338,000 AAVE tokens at a price of $219 each. They are now selling at $99 per token, and it is estimated that their loss on AAVE will exceed $40.56 million (-55%).