logo

ChainThink

Stay ahead, master crypto insights

Blockchain Capital deposits 216,000 AAVE into CEX, potential profit nearing $8 million

Blockchain Capital deposits 216,000 AAVE into CEX, potential profit nearing $8 million

2026-03-14 08:55

View Original

ChainThink News, March 14: According to EmberCN monitoring, one week ago, investment firm ParaFi Capital sold its AAVE holdings and rotated into SKY;


Today, investment firm Blockchain Capital also liquidated its entire position of 216,000 AAVE (valued at $24.8 million) and moved them into Coinbase Prime. Address: 0x3744DA57184575064838BBc87A0FC791F5E39eA2

Blockchain Capital has held AAVE for an extended period and was previously the largest institutional holder of AAVE. Between October 2020 and March 2023, they accumulated a total of 233,000 AAVE at an average cost basis of $94.

"At the peak price in December 2024, they sold 16,900 AAVE ($5.04 million) via FalconX. The remainder was fully transferred into Coinbase Prime today. If sold, their aggregate profit on AAVE would be approximately $7.9 million."

#DeFi

Disclaimer: Contains third-party opinions, does not constitute financial advice

Recommended Reading
Chaos Labs Exits Aave's Risk Management Role Due to Diverging Philosophies on Risk Management
Chaos Labs Exits Aave's Risk Management Role Due to Diverging Philosophies on Risk Management
Binance: Users with at least 242 points can participate in the Perle Labs (PRL) TGE event
Binance: Users with at least 242 points can participate in the Perle Labs (PRL) TGE event
Two major whale addresses have increased their holdings of $4M HYPE spot today
Two major whale addresses have increased their holdings of $4M HYPE spot today
A newly created address has deployed 2 million USDC to short crude oil at 5x leverage.
A newly created address has deployed 2 million USDC to short crude oil at 5x leverage.
Crypto Finance CEO: Traditional banks are at least 5 years behind crypto-native platforms in DeFi innovation
Crypto Finance CEO: Traditional banks are at least 5 years behind crypto-native platforms in DeFi innovation
BlackRock ETF has withdrawn 2,267 BTC from Coinbase in the past 10 hours, valued at approximately $157.8 million
BlackRock ETF has withdrawn 2,267 BTC from Coinbase in the past 10 hours, valued at approximately $157.8 million
Blockchain Capital staked 10,976 ETH in the past 24 hours
Blockchain Capital staked 10,976 ETH in the past 24 hours