Multicoin Capital Transfers 150,000 AAVE to Galaxy Digital and BitGo, with Cumulative Unrealized Losses Exceeding $40 Million

Odaily Planet Daily reported that according to Onchain Lens monitoring, Multicoin Capital has transferred 150,000 AAVE (worth approximately $14.9 million) to Galaxy Digital and BitGo for over-the-counter (OTC) trading, with some of the funds subsequently being transferred to a centralized exchange.

Data shows that Multicoin Capital purchased a total of 338,005 AAVE for approximately $73.94 million. It currently still holds 188,005 AAVE, worth about $18.49 million, resulting in a book unrealized loss of roughly $40.54 million.