Blockchain data from Onchain Lens shows a major holder incurred losses after converting Ethereum to Tether Gold, yet still retains significant ETH reserves.
Onchain Lens reported a large investor (known as a whale) swapped 1,000 Ethereum (ETH) for 358.49 Tether Gold (XAUT), valued at $5,413 each, taking a loss exceeding $60,000. PANews noted the address had accumulated 1,645 ETH worth approximately $3.26 million over two years and continued to hold 645 ETH, or about $1.25 million, as of March 2. The transaction reflects ongoing portfolio adjustments among high-net-worth crypto holders amid fluctuating digital asset valuations.