Blockchain Capital transfers 216,000 AAVE, worth $24.8M, to Coinbase Prime

KuCoinFlash

Release Time: 03/14/2026 00:57:31

AAVE

$112.551-1.48%

Summary

Blockchain news outlet Odaily reported that investment firm Blockchain Capital has transferred its entire 216,000 AAVE stake to Coinbase Prime, valued at approximately $24.8 million. The firm acquired roughly 233,000 AAVE between October 2020 and March 2023 at an average price of $94. In late 2024, it sold 16,900 AAVE via FalconX for $5.04 million as the token approached its peak. This move occurs amid ongoing discussions about blockchain upgrades across major DeFi platforms.

Odaily Planet Daily reports, according to crypto analyst Ember@EmberCN, investment firm Blockchain Capital has transferred all 216,000 AAVE tokens it held to Coinbase Prime, valued at approximately $24.8 million. The firm accumulated around 233,000 AAVE tokens between October 2020 and March 2023 at an average price of about $94 and has long been one of AAVE’s major institutional holders.

In December 2024, near the peak price of AAVE, Blockchain Capital sold 16,900 AAVE through FalconX, valued at approximately $5.04 million. Following this transfer, its early position has been largely liquidated.

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