According to crypto analyst EmberCN, investment firm Blockchain Capital has transferred all of its 216,000 AAVE tokens to Coinbase Prime, worth approximately $24.8 million. The firm had previously purchased approximately 233,000 AAVE tokens between October 2020 and March 2023, at an average price of around $94, and had long been one of the major institutional holders of AAVE. Previously, near the AAVE price peak in December 2024, Blockchain Capital sold 16,900 AAVE tokens through FalconX, worth approximately $5.04 million. With this transfer, its early holdings have essentially been divested.