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Whale Wallet Sells XAUT and ETH, Buys $2.58M in Uniswap Tokens

Blockchain analytics platform Lookonchain reports a major crypto trade as whale address 0x9671 shifts from XAUT and Ethereum into Uniswap holdings.

ETH
UNI
XAUT

Summary

On February 5, blockchain analytics firm Lookonchain identified whale address 0x9671 executing significant token trades. The wallet sold 242 Tether Gold (XAUT) valued at $1.19 million and 461 Ethereum (ETH) worth $985,000 before acquiring 682,087 Uniswap (UNI) tokens for $2.58 million. This transaction reflects a substantial portfolio shift from gold-backed and major crypto holdings to a leading decentralized exchange governance token.

Terms & Concepts
  • Tether Gold (XAUT): A gold-backed stablecoin issued by Tether, representing one troy ounce of physical gold stored in a secure vault.
  • Ethereum (ETH): A leading blockchain platform supporting smart contracts (self-executing blockchain code) and decentralized applications.
  • Uniswap (UNI): A governance token for the Uniswap decentralized exchange, used for voting on protocol changes and development decisions.