According to monitoring by the on-chain analytics platform Lookonchain (@lookonchain), as gold prices hit a new all-time high, a whale with the address 0x4b6c converted 326 XAUT (worth approximately $1.53 million) and 10,978 SLVON (worth approximately $936,000) into 724 ETH (worth approximately $2.4 million) within the past 30 minutes. XAUT is a token pegged to gold, while SLVON is a token pegged to silver.
Whale Converts $2.4M in Gold and Silver Tokens to ETH
TechFlowShare
Summary
ETH news: According to Lookonchain, a whale with address 0x4b6c has exchanged 326 XAUT (~$1.53M) and 10,978 SLVON (~$936K) into 724 ETH (~$2.4M) in the last 30 minutes. XAUT is a token backed by gold, and SLVON is backed by silver. This ETH transaction indicates a significant on-chain reallocation of assets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.