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🚨 MULTICOIN CAPITAL APPEARS TO BE EXITING AAVE AT A MASSIVE LOSS
Multicoin Capital is reportedly sitting on more than $40 MILLION in unrealized losses on its AAVE position after accumulating $73.7M with of Aave at an average price: $218.
Current price: $98.
Multicoin has since transferred 150,000 AAVE worth roughly $14.9M to Galaxy Digital OTC wallets and BitGo in the past few hours, potentially signaling the firm is preparing to sell part of its position.