Blockchain capital transfer of 216,000 AAVE to Coinbase Prime, potential profit nearing $8M

Chainthink

Release Time: 03/14/2026 01:02:03

AAVE

$89.878-6.2%

Summary

On March 14, 2026, blockchain news outlet Chainthink reported that Blockchain Capital transferred its entire 216,000 AAVE stake ($24.8 million) to Coinbase Prime. The firm originally purchased 233,000 AAVE between October 2020 and March 2023 at an average price of $94. In December 2024, it sold 16,900 AAVE for $5.04 million via FalconX. A complete sale of the remaining AAVE would result in a $7.9 million profit. A blockchain upgrade to Aave’s protocol may have influenced the timing of this move.

ChainThink reports that, according to EmberCN monitoring, on March 14, investment firm ParaFi Capital sold its AAVE holdings and reallocated to SKY;

Today, investment firm Blockchain Capital also liquidated its entire holdings of 216,000 AAVE tokens ($24.8 million) and transferred them to Coinbase Prime. Address: 0x3744DA57184575064838BBc87A0FC791F5E39eA2

Blockchain Capital has held AAVE for a long time and was previously the largest institutional holder of AAVE. Between October 2020 and March 2023, they accumulated 233,000 AAVE at an average price of $94.

In December 2024, when AAVE reached its highest price, they sold 16,900 AAVE (worth $5.04 million) through FalconX, and the remainder was transferred to Coinbase Prime today. If sold, their total profit on AAVE would be approximately $7.9 million.

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