Multicoin Capital purchased 278,000 AAVE tokens within a month and a half, and is currently experiencing a paper loss of $13.9 million.

According to Odaily Planet Daily, on-chain analyst Ember monitored that Multicoin Capital purchased another 61,637 AAVE tokens today through Galaxy Digital, worth $10.94 million, at a price of $177 per token.

Over the past month and a half, Multicoin Capital has purchased a total of 278,000 AAVE tokens, valued at $49.52 million, with an average cost of $228 per token. Currently, it is experiencing a paper loss of $13.9 million. Notably, after the sharp drop on October 11th, it purchased 210,000 AAVE tokens at $244 per token, valued at $51.32 million.