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Whale Buys 1,515.5 XAUT for $7.15 Million in USDC

According to Lookonchain, the purchase was executed at an average price of $4,720 and was tracked about nine hours before the report.

USDC
XAUT

Summary

Blockchain tracking service Lookonchain reported that a whale, a term used for a large holder or trader, bought 1,515.5 XAUT using 7.15 million USDC at an average price of $4,720. The transaction was observed roughly nine hours before the update. XAUT is a tokenized gold asset, while USDC is a U.S. dollar-pegged stablecoin commonly used for large crypto settlements.

Terms & Concepts
  • XAUT: A tokenized gold asset that is designed to represent ownership of physical gold on a blockchain.
  • USDC: A stablecoin that is pegged to the U.S. dollar and widely used for trading, payments, and on-chain settlement.
  • Whale: A market participant or wallet holding enough capital to make unusually large trades that can draw attention across the crypto market.