Lookonchain reports a major investor accumulated over $36 million in XAUT after sizable ETH trading losses, reflecting strategic shifts toward gold-backed tokens.
On-chain data from Lookonchain shows that a cryptocurrency whale purchased 7,536 XAUT tokens worth $36.04 million after incurring $18.8 million in ETH trading losses within two weeks. Since December 13, the investor has accumulated the gold-backed tokens at an average price of $4,786, now holding an unrealized profit of $2.3 million. This marks a significant increase from earlier reported buys totaling $2.38 million and follows a broader market context of high gold prices, weaker Bitcoin performance, and geopolitical tensions.