BlockBeats news: On January 16, according to monitoring by Lookonchain, a whale has been repeatedly using on-chain lending to accumulate gold. Over the past 20 days, the whale has cumulatively borrowed 18.3 million USDe from Aave, using the funds to purchase 8,337 XAUT gold tokens, worth $38.4 million.
Whale Borrows 18.3M USDe to Buy 8,337 XAUT Worth $38.4M
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Summary
Whale activity in trading has drawn attention as a major player borrowed 18.3 million USDC from Aave over 20 days to purchase 8,337 XAUT tokens, valued at $38.4 million. This move highlights a high-risk strategy with a notable risk-to-reward ratio. The whale employed leveraged on-chain tactics to accumulate gold, signaling continued interest in precious metals through DeFi.
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