Ethereum Whale Dumps 1,000 ETH for Gold Token, Faces $60K Loss
A major Ethereum holder swapped 1,000 ETH for Tether Gold (XAUT) at a $60K loss, signaling a shift toward tokenized gold as a hedge. Ethereum exchange reserves have fallen to multi-year lows near 16 million ETH, reducing immediate sell pressure and hinting at potential supply tightness.
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