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🚨 MULTICOIN CAPITAL APPEARS TO BE UNWINDING ITS AAVE POSITION AT A HEAVY LOSS
Multicoin Capital is reportedly sitting on over $40M in unrealized losses on its AAVE holdings.
Position details:
• Accumulated roughly $73.7M worth of AAVE
• Average entry price: ~$218
• Current AAVE price: ~$98
⚠️ In the past few hours, the firm has transferred 150,000 AAVE — worth nearly $14.9M — to Galaxy Digital OTC wallets and BitGo, potentially signaling preparation for partial selling.
Large fund movements like these are closely watched, especially during periods of weak market sentiment and declining altcoin liquidity.
$AAVE