On January 25, on-chain monitoring revealed that amid the continuous surge in gold prices beyond $5,000, a well-known whale spent 20.23 million USDT to purchase 3,983.6 XAUt gold-backed tokens, with an average price of $5,080 per token.
Signs of Long-Term Holding Strategy
Combining the XAUt tokens purchased in early January at around $4,400, the address now holds a total of 7,369 XAUt tokens, valued at approximately $37.03 million, with an average cost basis of $4,780 per token. At current market levels, the position has generated an unrealized profit of about $1.83 million.
- Consistent accumulation of XAUt tokens
- Effective cost averaging strategy
- Profitable position amid market fluctuations
Parallel Accumulation of ETH
In addition to XAUt, the whale has also been actively acquiring Ethereum. Data shows the address purchased 8,547 ETH in recent days at an average price of $2,966, spending a total of 25.35 million USDT.
This large-scale buying activity reflects the investor's bullish stance on the crypto market, particularly in assets like gold-backed tokens and major cryptocurrencies such as ETH.