Multicoin Capital: $14.91M AAVE Transfer Triggers Dip

Multicoin Capital shifted 150000 AAVE tokens valued at $14.91 million through Galaxy Digital and BitGo straight into major exchanges yesterday morning.

Price Action Follows Large Move

AAVE slid 7% from $99 to $92 in a smooth decline, then clawed back modestly to $93 after Galaxy Digital pulled 98000 tokens worth $9.08 million back from Binance, OKX, Coinbase and Bybit to the original Multicoin address.

Heavy Loss on 2025 Accumulation

The fund had accumulated 338000 AAVE at $219 per token last November; selling near current levels locks in more than $40.56 million in losses, or roughly 55%.

With AAVE price now at $94.66 inside the Bollinger Bands, the upper resistance at $100.25 and lower support at $92.91 frame near-term volatility, while the EMA50 sitting at $96.61 and EMA200 at $96.02 act as concrete overhead resistance in the ongoing bearish structure; the MACD death cross at -0.75 combined with RSI at 42.17 keeps momentum neutral-to-weak, pointing to a probable test of the $92.91 band floor before any sustained recovery attempt.