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$18 Million Ethereum Loss Sends Whale Running To Gold

A big crypto pockets that lately took a pointy loss on Ethereum has restructured its holdings, transferring away from risky tokens and rising publicity to stablecoins and tokenized gold, in response to on-chain monitoring knowledge.

The deal with drew consideration after an aggressive Ethereum buy late final 12 months went improper. Between November 3 and November 7, 2025, the pockets spent about $110 million to accumulate 31,005 ETH at a mean worth of $3,581.

As costs slid, the place was unwound. Nearly the whole holding was bought for roughly $92.19 million, locking in a loss near $18 million inside two weeks. At present costs close to $3,020, that very same Ethereum stack would now be valued at round $93.6 million.

Shift Away From Ether After Costly Exit

Based on reviews from blockchain monitoring platforms, the sell-off marked a transparent change in conduct. The pockets, as soon as closely tied to Ethereum, now not holds a big directional wager on the asset. Instead, balances have been unfold throughout cash-like tokens and commodities. The transfer displays warning quite than an try to rapidly get well losses.

Gold Buying Shows Preference For Lower Volatility

According to on-chain information, the deal with started constructing a place in Tether’s tokenized gold product, XAUT. Starting on Friday, the pockets spent $14.58 million in USDT to purchase 3,299 XAUT throughout a number of transactions.

The common buy worth got here in close to $4,421 per token. This was not the primary gold purchase. A smaller XAUT acquisition was made on December 13, roughly three weeks earlier. As of the most recent knowledge, the pockets holds 3,386 XAUT tokens price about $14.92 million.

The broader portfolio now totals near $91 million. About $58 million sits in USDT, one other $18 million is held in USDC, whereas the rest is break up between XAUT and a decreased Ethereum steadiness. The composition factors to capital safety quite than high-risk positioning.

Metals Outperform Crypto In 2025

Returns from final 12 months assist clarify the change. Reports have disclosed that Bitcoin fell by 6% in 2025, whereas Ethereum dropped 11%. Over the identical interval, gold surged over 60%, and silver rose an excellent steeper 147%.

Major inventory indexes such because the S&P 500, Dow Jones, and Nasdaq 100 additionally posted stronger efficiency than a lot of the crypto market. With these leads to view, some buyers seem extra snug holding belongings linked to metals or money.

Meanwhile, analysts at asset supervisor VanEck have pointed to 2026 as a attainable restoration 12 months for the crypto market. Their view contrasts with the present conduct of enormous wallets transferring into stablecoins and gold-linked tokens.

The divide exhibits how unsure sentiment stays after a 12 months when metals and conventional belongings delivered stronger features than main cryptocurrencies.

Featured picture from Unsplash, chart from TradingView

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