
PANews|Jun 05, 2025 00:58
20000 AAVEs from Aave founder transferred to Coinbase Prime via ParaFi Capital wallet
According to analyst Yu Jin, on chain data shows that Aave founder Stani Kulechov recently transferred 20000 AAVEs (approximately $5.45 million) from his personal address to a wallet controlled by ParaFi Capital, and the tokens entered Coinbase Prime 8 hours ago.
Given that ParaFi Capital was one of Aave's early investment institutions and had invested $4.5 million in Aave in 2020, this transfer may be part of an internal asset restructuring or over-the-counter (OTC) arrangement.
However, considering that Kulechov gradually sold his Lido (LDO) token holdings in 2022, it is not ruled out that he may personally reduce his holdings.
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