Is a major comeback forming for Aave as big investors return to the market? The latest move by Multicoin Capital shows rising confidence even though market sentiment remains in “Extreme Fear.”
The firm made another large purchase of AAVE tokens while prices are still recovering, placing the firm's strategy in the spotlight for traders watching institutional moves.
Multicoin Capital purchased 61,637 tokens worth $10.94 million at an average price of $177, executed through Galaxy Digital.
This adds to the firm's long accumulation streak, bringing total purchases to 278,000 cryptocurrencies worth $49.52 million over the last month and a half.
Even though the buying continues, the firm is currently facing an unrealized loss of $13.9 million due to earlier heavy purchases at $244 after it's sharp price drop on October 11.

Source: X (formerly Twitter)
AAVE price surges 5.17% in the past 24 hours, outperforming the broader crypto market.
The current price near $179 can be seen on the chart.
It is supported by an improving RSI at 44.84.
The MACD turned positive for the first time since mid-November.

Source: CMC
A separate whale wallet repurchased 24,000 tokens worth $4 million with a cost basis of $165, adding more strength to the narrative.
A key boost for this altcoin comes from new ETP listings launched by 21Shares on Nasdaq Stockholm.
These regulated, physically backed products allow traditional investors to gain exposure to this altcoin without direct custody of crypto.
This development adds more confidence to the Multicoin Capital crypto strategy since institutional-grade access often drives long-term demand.
If it continues to hold above $180, the token could push toward the $200–$225 range as momentum strengthens from whale activity and institutional inflows.
However, if it slips under $170, it may retest the $150 Fibonacci support zone.
The project's founder Stani Kulechov confirmed that ETHLend, its original 2017 protocol will officially return in 2026. The relaunch is being tested using real Bitcoin as collateral, not wrapped tokens.
The community believes this comeback may introduce a modern peer-to-peer lending engine designed to complement it’s liquidity pool model. This news strengthens long-term sentiment around this altcoin and adds further attention to the ongoing Multicoin Capital crypto investments.
Disclaimer: This article is for informational purposes only and not a financial advice, kindly do your own research before investing crypto markets.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.