PANews reported on January 29 that, according to Lookonchain data, the whale address 0x8709 recently conducted several operations: using $5.6 million USDC to purchase 1066 XAUT (gold tokens) at a unit price of $5261, then depositing $3.5 million USDC into the Hyperliquid platform to open long positions of 53,528 SILVER (silver contracts) worth $6.48 million and 158.36 GOLD (gold contracts) worth $876,000, while simultaneously shorting 4229 shares of NVDA (worth approximately $809,000).