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Multicoin Capital transfers 150,000 AAVE to Galaxy Digital and BitGo, incurring over $40 million in paper losses.

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AAVE
$98.9241.73%
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Multicoin Capital recently transferred 150,000 AAVE to Galaxy Digital and BitGo for off-exchange trading, with some tokens later appearing on centralized exchanges. The firm originally purchased 338,001 AAVE for $73.94 million and currently holds 188,005 AAVE valued at $18.49 million, resulting in a $40.54 million paper loss. Altcoins under observation continue to face pressure as the Fear & Greed Index reflects ongoing market caution.

Odaily Planet Daily reports, according to Onchain Lens monitoring, Multicoin Capital has transferred 150,000 AAVE, worth approximately $14.9 million, to Galaxy Digital and BitGo for over-the-counter (OTC) trading, after which part of the funds were moved to centralized exchanges.

Data shows that Multicoin Capital has accumulated 338,005 AAVE tokens at a total cost of approximately $73.94 million and currently holds 188,005 AAVE tokens, valued at approximately $18.49 million, representing an unrealized paper loss of about $40.54 million.

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