Multicoin Capital Reportedly Buys $51.3M in AAVE After Market Crash

Multicoin Capital acquired 210,000 AAVE tokens, worth approximately $51.32 million, transferred from major exchanges like Binance, OKX, and Bybit to Galaxy Digital’s OTC wallet, then moved to an address identified as belonging to the firm. This acquisition follows a market downturn, signaling a potential strategic move to strengthen their position in AAVE.

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