Multicoin Capital Takes a Huge Loss Selling AAVE, Estimated Loss Exceeds $40.56M

Multicoin Capital cuts their losses: ◎ Back in November last year, Multicoin Capital accumulated 338,000 AAVE at a price of $219 each. ◎ Within 1 hour, they transferred 150,000 AAVE ($14.91M) to Galaxy Digital and BitGo. These AAVE were then dispersed from Galaxy Digital and BitGo to Binance, OKX, Coinbase, Bybit, and other CEXs. Looks like they’re selling. Accumulated at $219, now selling at $99, their estimated loss on AAVE exceeds $40.56M (-55%). Address: https://intel.(arkm.com)/explorer/address/0x7915f9373Ae32d1fcAF0CdF17a532a3D8046D759 -------------------------------------------------------------------------- Bitget: Join and you’re a VIP! Crypto, US stocks, CFDs—get ahead globally with one-stop trading!