PANews, March 14: According to on-chain analyst Yujin, investment firm Blockchain Capital has liquidated 216,000 AAVE tokens and transferred them to Coinbase Prime. Blockchain Capital has held AAVE for a long time and was previously the largest institutional holder of AAVE, accumulating a total of 233,000 AAVE between October 2020 and March 2023 at an average price of $94. In December 2024, when AAVE reached its highest price, they sold 16,900 AAVE (worth $5.04 million) via FalconX.
Blockchain Capital sells 216,000 AAVE to Coinbase Prime
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Summary
Blockchain news outlet PANews reported that Blockchain Capital sold 216,000 AAVE tokens to Coinbase Prime, completing its full exit from the position. The firm had accumulated 233,000 AAVE between October 2020 and March 2023 at an average cost of $94. In December 2024, during a blockchain upgrade period, it sold 16,900 AAVE through FalconX for $5.04 million.
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