ParaFi Capital appears to have swapped over $5 million worth of AAVE for SKY over the past three days.

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PANews reported on March 6 that, according to on-chain analyst Yu Jin, ParaFi Capital may have switched from AAVE to SKY in the past three days, possibly due to the Aave governance controversy.

  • Three days ago (March 3), ParaFi Capital transferred 42,500 AAVE (US$5.26 million) to Coinbase Prime.
  • Then, four hours ago today, ParaFi Capital withdrew 70 million SKY tokens ($5.38 million) from Coinbase Prime.
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