A comeback after two years of silence! Blockchain Capital sweeps AAVE, market value breaks $66 million

After two years of silence, Blockchain Capital has made a move again, depositing its held AAVE tokens for the first time. According to reports, the company deposited 16,964 AAVE tokens into the FalconX exchange today, with a market value of approximately $5.06 million. This action marks Blockchain Capital's reactivation in the AAVE market.

Looking back at its investment history, Blockchain Capital, as an early investor in AAVE, acquired a total of 233,256 AAVE tokens from August 2020 to March 2023 through various channels, including over-the-counter trading, project wallets, and Anchorage Digital, with an average acquisition price of $82.9 per token. After this deposit operation, their AAVE holdings increased to 216,292 tokens, with a market value of approximately $66 million, solidifying its position as the largest non-team and non-CEX holder of AAVE.

This move indicates that Blockchain Capital remains optimistic about the long-term prospects of AAVE. As the market gradually warms up, institutional capital's entry may further drive the development of AAVE and the entire DeFi market.

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