MEV Capital Suffers 80% AUM Drop in Four Months, Team Absorbed by Belem

MEV Capital, a prominent on-chain asset management firm, has experienced a dramatic 80% decrease in its Assets Under Management (AUM) since its peak in October 2025. The firm's AUM has fallen from $1.5 billion to approximately $300 million as of February 25th.

This significant decline is largely attributed to the stablecoin de-pegging event on October 10th of last year. This incident triggered automatic liquidations across multiple protocols, directly costing MEV Capital over $10 million. The company was heavily involved in yield strategies centered around the deUSD stablecoin, issued by Elixir.

The contraction in assets has led to a substantial reduction in revenue. MEV Capital's total protocol revenue for the first quarter of 2026 plummeted to $804,720, an 86.8% decrease from $6.1 million in the fourth quarter of 2025. This figure also represents a 92.4% drop from the peak revenue of $10.62 million recorded in the first quarter of 2025.

Following these financial setbacks, MEV Capital's team has been absorbed by Belem, another entity in the crypto space. Further details on the integration and future plans are expected.

#crypto #blockchain #news