Aave's founder's 20,000 AAVE was transferred to Coinbase Prime through the ParaFi Capital wallet

PANews
PANews
AAVE+2.98%
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PANews reported on June 5 that on-chain data showed that Stani Kulechov, the founder of Aave, recently transferred 20,000 AAVE (about $5.45 million) from his personal address to a wallet controlled by ParaFi Capital, and then the batch of tokens entered Coinbase Prime 8 hours ago. Given that ParaFi Capital was one of Aave's early investors and invested $4.5 million in Aave in 2020, the transfer may be an intra-institutional restructuring or over-the-counter (OTC) arrangement. However, considering that Kulechov had gradually sold its Lido (LDO) holdings in 2022, the possibility of his personal reduction of holdings is not ruled out.

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