2026-01-02 13:20:41

On-chain data shows that a large player experienced a loss of $18.8 million on their Ethereum position over two weeks. After the loss, this whale decisively closed their ETH position and started betting on gold assets. In the past 7 hours, they bought 3,299 XAUT (gold-backed tokens) at a price of $4,421, spending a total of $14.58 million. This move reflects a strategic adjustment among some large funds in the current market — shifting from pure crypto asset allocation to multi-chain, multi-category hedging portfolios. The rising demand for gold tokens may indicate that funds are seeking more stable value anchors.

ETH4.53%

XAUT-0.17%

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rugpull_ptsd

· 4h ago

Losing 18.8 million and still staying so calm to turn to gold, truly a big investor mindset... For retail investors like us, losing 500 bucks can make us emo for a week.

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rekt_but_vibing

· 4h ago

Haha, losing 18.8 million just like that, this guy's mentality is really strong. --- The whale is serious now, fleeing from ETH to gold, the market is indeed a bit fierce. --- Selling ETH to buy XAUT? Is this implying something... --- Big funds are starting to hedge, and I'm still all-in on single coins... --- This move looks like someone is starting to chicken out. --- Gold tokens are gaining popularity; their stability is indeed more attractive than the crypto circle. --- Spending 14.58 million dollars to buy gold—are you doing this for asset hedging or do you really have a bad outlook? --- By the way, is it reliable to follow whales and copy their trades in such times? --- $20 million in tuition fees, realizing the importance of multi-chain hedging. --- ETH has been hammered so badly; switching assets makes sense.

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POAPlectionist

· 4h ago

18.58 million loss turned around and spent 14.58 million to buy gold, this mentality is really ruthless --- Is the big fish backing down? What does shifting to safe-haven assets indicate... --- Wait, is this guy bearish on the future or just cutting losses? Feels a bit off --- Gold tokens are rising, and the bulls are already making stories again --- Really? Losing over 18 million in two weeks and still staying so calm to switch? I need to learn this mindset --- By the way, is XAUT really risk-resistant? Feels like just betting on a different direction --- This is the so-called "smart money," while we're still debating whether to buy or not, they've already switched tracks --- Yes, this wave indeed reflects a change in market sentiment, but who can guarantee that gold tokens are stable --- Whales cutting losses to buy gold, retail investors continue to buy ETH at the bottom, I'll just watch silently

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SocialAnxietyStaker

· 4h ago

1880万亏了还能这么冷静转向XAUT？这心理素质真是没谁了 --- Giant whales are starting to embrace gold, while retail investors are still debating whether to buy or short --- It feels like the big players are saying—ETH you keep playing around, I’m going to find something more stable --- Rising demand for gold tokens? Then XAUT is probably about to take off --- Losing 18.8 million and immediately switching to 14.58 million XAUT, is this the risk management of big players... I can't learn that --- Shifting from pure crypto bullishness to hedging strategies, it seems the bear market has truly arrived --- This guy's stop-loss is a bit harsh, but switching to gold makes sense too --- The rising popularity of gold-backed tokens—Is it genuine demand or just short-term follow-up? --- Giant whales are all looking for a "stable value anchor," what does that imply? --- After losing money for two weeks, big players can still enter the market calmly—such a pattern is different

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MEVSandwich

· 4h ago

Damn, after cutting 18.8 million, still dare to add positions, really ruthless Losing so much but still calm and turning to bet on gold, learned a lesson Even the big whales are starting to bottom fish in gold, and I'm still debating whether to cut losses This move... 14.58 million directly thrown into XAUT, too outrageous Gold tokens are getting popular, it seems the big players are really panicking

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