Multicoin Capital: Sells AAVE Amid $40M Losses

Multicoin Capital is slashing losses on AAVE, offloading holdings after a brutal $40 million hit. From October 13 to November 25, 2025, the firm scooped up 338,005 AAVE tokens worth $73.7 million from Galaxy Digital's OTC wallet at an average price of $218. With current prices cratering, this move underscores mounting pressure in the DeFi sector, echoing broader crypto market crash vibes as majors like Bitcoin (BTC) test key supports.

AAVE Technical Breakdown

Price action on the 4-hour AAVE chart screams bearish conviction, with the token grinding at $96.42 just above the EMA200 support at $96.17 while rejected by the EMA50 resistance overhead at $97.04. MACD's death cross at 0.04 confirms weakening momentum, and though RSI sits neutral at 45.82, the setup inside Bollinger Bands—with upper resistance at $102.06 capping upside and lower support at $93.2 looming as a breakdown target—points to confluence favoring sellers. We're eyeing a potential slide toward that lower band exhaustion before any rebound, especially if broader crypto market crash drags DeFi tokens lower; this aligns with AAVE price prediction models forecasting sub-$90 tests amid fading hype around assets like TAO.