A big whale just made a smart move into on-chain gold 🐟

$6M $USDC was converted into 1,108.79 $XAUT at an average price of $5,411, and right after buying, the tokens were supplied to Aave V3 for lending.

On-chain data shows this wasn’t a quick flip. The buys were split into multiple transactions before being used as collateral — clear signs of strategic accumulation.

What’s more interesting? The wallet still holds $12.58M USDC on Aave with a strong health factor. This means the whale has plenty of room to pull more USDC and keep buying XAUT as prices move higher.

Looks like this could be just the first step of a much bigger GOLD accumulation plan.

Smart money is positioning early 👀

#XAUUSD #XAUT #GOLD_UPDATE #CryptoWhales

USDC

1.0012

-0.02%