PANews reported on March 9 that, according to on-chain analyst Yu Jin, a whale who had bet $54.63 million on "digital gold BTC" and "real gold XAUt" sold off 5,809.8 XAUt (worth $29.81 million) at a price of $5,130 just 3 hours ago, after clearing out its BTC holdings in mid-January.
He's now sold everything. He lost $5.15 million in digital gold and made $5.18 million in real gold. In the end, he broke even.
- He spent $30 million to buy 264.8 WBTC at a price of $113,262. He sold them for $93,844, incurring a loss of $5.15 million.
- He spent $24.63 million to buy 5809.8 XAUt tokens at a price of $4239. He sold them for $5130, making a profit of $5.18 million.
