Multicoin Capital transfers 150,000 AAVE to Galaxy Digital and BitGo, with cumulative unrealized losses exceeding $40 million

According to monitoring by Onchain Lens, Multicoin Capital has transferred 150,000 AAVE, worth approximately $14.9 million, to Galaxy Digital and BitGo for over-the-counter (OTC) trading. Subsequently, a portion of the funds was transferred to centralized exchanges.

Data shows that Multicoin Capital purchased a total of 338,005 AAVE for approximately $73.94 million. It currently still holds 188,005 AAVE, valued at around $18.49 million, with an unrealized book loss of approximately $40.54 million.