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A certain whale used 5.95 million USD worth of XAUt to swap into ETH, with an unrealized profit of 430k USD over 11 hours.
Mars Finance reports that, according to on-chain analyst Ember (@EmberCN) monitoring, a whale address bought 2,698.5 ETH at a price of $2,205 with 1,265 XAUt tokens (approximately $5.95 million) 11 hours ago. Subsequently, ETH experienced an increase, and the whale’s holdings saw an unrealized profit of about 7% within 11 hours, totaling approximately $430k in gains.