Multicoin Capital reportedly sells 150,000 AAVE, worth approximately $14.91 million

On May 15, according to on-chain analyst Ember, Multicoin Capital appears to have cut its losses on AAVE. Multicoin Capital accumulated 338,000 AAVE at a price of $219 last November. One hour ago, it transferred 150,000 AAVE ($14.91 million) to Galaxy Digital and BitGo. Subsequently, these AAVE were transferred from Galaxy Digital and BitGo to centralized exchanges such as Binance, OKX, Coinbase, and Bybit, indicating a selling action. Calculating from accumulation at $219 and selling at $99, its loss on AAVE is estimated to exceed $40.56 million (-55%).