Multicoin Capital: Deposits 150K AAVE Amid $40M Loss

Multicoin Capital just dumped 150,000 AAVE tokens valued at $14.9 million into Galaxy Digital and BitGo for over-the-counter trades, then shuttled the funds straight to centralized exchanges amid brutal DeFi market swings. These crypto whale movements echo the Bitcoin volatility we've tracked over the past six months, where BTC holders slashed positions to dodge further downside. Multicoin originally scooped up 338,005 AAVE for $73.94 million but now clings to just 188,005 tokens worth $18.49 million, booking a staggering $40.54 million loss that screams caution for AAVE price prediction in this crypto market crash environment. Wallet address: 0x7915f9373ae32d1fcaf0cdf17a532a3d8046d759. DeFi investment strategies like this highlight how even big players bleed when liquidity dries up faster than expected.