Blockchain Capital just deposited the first 16,964 AAVE ($5.06M) to FalconX, after 2 years of inactivity with the token:

• transaction: 0x5b988517b4398364d979acce265c49a68ba5b4cd9dd77e89a2332eb6bf3073d5
• address: 0x3744da57184575064838bbc87a0fc791f5e39ea2
• This address belongs to the entity Blockchain Capital

Notably, as an early investor, the VC acquired 233,256 AAVE between August 2020 and March 2023, at a low average entry price of $82.9, from various sources, including:

• bought 99,980 AAVE (then 9.998M LEND) early using only 1.5M USDC at $15 per AAVE on August 5, 2020;
• received 83,333 AAVE from a project-linked wallet on April 14, 2022, when the price was $172.3 (then $14.36M);
• further accumulated 49,943 AAVE from Anchorage Digital between September 2, 2022, and March 3, 2023, at an average price of $69.65 (then $3.48M).

At the current price of $305, BlockChain still holds 216,292 AAVE ($66M), making them AAVE's largest non-team/CEX holder.

The AAVE price pumped 17.26% in the past 24 hours.

Fig 1. Blockchain Capital deposited the first 16,964 AAVE ($5.06M) to FalconX, ending a 2-year period of inactivity with the token.