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So $AAVE Selling? Multicoin Capital may finally be cutting some of its $AAVE exposure.
Between Oct. 13 and Nov. 25, 2025, Multicoin received 338,005 AAVE worth around $73.7M from a Galaxy Digital OTC wallet, with an estimated average entry price near $218. At current prices, the position is reportedly sitting on losses of more than $40M.
Now, over the past 9 hours, the fund has transferred 150,000 AAVE worth roughly $14.92M to Galaxy Digital OTC and BitGo wallets, which usually suggests preparation for OTC distribution, custody movement, or potential selling activity.
After holding through a massive drawdown, this could be the first meaningful sign that the position is being reduced.
Address: 0x7915f9373Ae32d1fcAF0CdF17a532a3D8046D759