Crypto Whale Profits $240K from XAUT Sale After Bridge Acquisition
A crypto whale earned a $240K profit from selling XAUT, following a prior acquisition through the Near Intents Bridge, highlighting active trading in gold-backed tokens.
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Summary
A cryptocurrency whale made a $240K profit by selling 2,105.37 XAUT tokens for 11.27 million USDC and 55.21 ETH, having acquired them just a week earlier with 5,544 ETH and $121K USDC via Near Intents Bridge.
Terms & Concepts
- XAUT (Tether Gold): A token issued by Tether representing one troy ounce of gold, stored in a secure vault and tradable on blockchain.
- ETH (Ethereum): A cryptocurrency that powers the Ethereum network, known for its ability to support smart contracts and decentralized applications.
- USDC (USD Coin): A stablecoin pegged to the US dollar, commonly used for transactions within the cryptocurrency ecosystem.