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Multicoin Capital Reportedly Moves 150,000 AAVE to Galaxy Digital and BitGo

According to Onchain Lens, Multicoin Capital sent 150,000 AAVE to Galaxy Digital and BitGo for OTC trading, while the firm still holds 188,005 AAVE from a larger accumulated position.

AAVE

Fact Check
The claim is strongly supported by multiple independent on-chain analytics sources. The primary cited source, Onchain Lens (x.com/OnchainLens/status/2055078682428137919), directly confirms all key figures: 150,000 AAVE sent to Galaxy Digital and BitGo for OTC, and 188,005 AAVE still held from a larger accumulated position. Lookonchain independently corroborates the same transfer details with a specific on-chain wallet reference. Odaily and PANews both report the same figures citing on-chain data. The on-chain wallet address (0x7915f9373ae32d1fcaf0cdf17a532a3d8046d759) is publicly cited, making this verifiable. All sources are consistent on the 150,000 AAVE figure, the Galaxy Digital and BitGo routing, and the 188,005 AAVE remaining balance. The claim accurately summarizes the on-chain event as reported by Onchain Lens.
Summary

Multicoin Capital transferred 150,000 AAVE, worth about $14.9 million, to Galaxy Digital and BitGo for OTC trading, according to Onchain Lens. Some of the funds were later moved to centralized exchanges. Onchain Lens said the firm bought 338,005 AAVE for about $73.94 million and still holds 188,005 AAVE after the transfer. The new report adds detail on the purpose of the transfer and the fund’s remaining holdings, while exchange movements continue to be monitored as possible signs of secondary market activity.

Terms & Concepts
  • AAVE: The native token of Aave, a DeFi protocol used for crypto lending and borrowing.
  • OTC trading: Over-the-counter trading is a direct transaction between parties conducted outside public exchange order books.
  • On-chain Lens: An on-chain analytics source that tracks public blockchain wallet movements and token transfers.