Multicoin Capital buys additional $10.7M in AAVE

An address associated with crypto venture capital firm Multicoin Capital purchased an additional 60,000 AAVE, worth $10.68 million, via Galaxy Digital's over-the-counter (OTC) desk approximately four hours ago, according to EmberCN. This latest acquisition brings Multicoin Capital's total purchases over the past month and a half to 338,000 AAVE. The firm is currently facing an unrealized loss of $13.5 million on its holdings.