On March 14, according to EmberCN monitoring, ParaFi Capital, an investment institution, sold AAVE and switched to SKY a week earlier;
Today, investment firm Blockchain Capital also liquidated its entire holding of 216,000 AAVE tokens (US$24.8 million) and transferred them to Coinbase Prime. Address: 0x3744DA57184575064838BBc87A0FC791F5E39eA2
Blockchain Capital has held AAVE for a long time and was previously the largest holder of AAVE. They accumulated 233,000 AAVE between October 2020 and March 2023, at an average price of $94.
"At the peak of AAVE's price in December 2024, they sold 16,900 tokens ($5.04 million) through FalconX, and the rest were transferred to Coinbase Prime today. If they had sold them, their total profit on AAVE would have been approximately $7.9 million."
