Data: Multicoin Capital transferred 150,000 AAVE, causing the price to drop by 7%, and then Galaxy Digital bought back 98,000 at a low price

By: rootdata|2026/05/19 07:57:25
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According to on-chain analyst Yu Jin's monitoring, Multicoin Capital transferred 150,000 AAVE (approximately $14.91 million) to several CEXs including Binance, OKX, Coinbase, and Bybit through Galaxy Digital and BitGo yesterday morning. Subsequently, the price of AAVE dropped about 7% from $99 to $92.

After that, Galaxy Digital withdrew 98,000 AAVE (approximately $9.08 million) from the aforementioned exchanges and transferred it back to the Multicoin Capital address, causing the price of AAVE to slightly rebound to $93.

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