According to OnchainLens monitoring, large whales are selling gold-related assets during the downturn: Whale address '0xf56' sold 1,733 XAUT for $8.04 million USDC and bought 113.69 WBTC, incurring a loss of approximately $863,000. Whale address '0xafd' sold 1,109 XAUT for $5.13 million USDC and deposited the funds into Aave V3, incurring a loss of approximately $867,000.
Two whales sell $13.17M in XAUT tokens, suffering a total loss of $1.7M
TechFlowShare
Summary
Whale activity has intensified as two major addresses sold XAUT tokens during the recent price decline, incurring significant losses. Whale address '0xf56' sold 1,733 XAUT for $8.04M in USDC and purchased 113.69 WBTC, resulting in a loss of $863,000. Whale address '0xafd' also sold 1,109 XAUT for $5.13M in USDC, which was deposited into Aave V3, leading to a loss of $867,000.
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