Multicoin Capital Transfers AAVE to Galaxy Digital and BitGo for OTC Trading

Multicoin Capital has transferred 150,000 AAVE tokens to Galaxy Digital and BitGo for over-the-counter (OTC) trading, according to Odaily. Following the transfer, some of the funds were moved to centralized trading platforms. Data indicates that Multicoin Capital has purchased a total of 338,005 AAVE tokens for approximately $73.94 million. The firm currently holds 188,005 AAVE tokens, valued at around $18.49 million, resulting in an unrealized loss of approximately $40.54 million.