Multicoin Capital transferred its entire 286,057 AAVE holdings valued at $26.68 million into Coinbase Prime, following more than $40 million in prior losses on the token. Large AAVE deposits to Coinbase Prime implications point to potential institutional liquidation or custody shifts amid ongoing market pressure.

AAVE trades at $94.66 inside its Bollinger Bands with upper resistance at $100.25 and lower support at $92.91. Price sits below both the EMA50 at $96.61 and EMA200 at $96.02 while the MACD registers a death cross at -0.75 and RSI holds neutral at 42.17, confirming the bearish trend structure on the 4h chart.