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Whales dump 13.17 million XAUT! Is there a secret behind the $30 fluctuations? Shen Wansan takes you through the life-and-death battle!
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Two mysterious whales have recently cumulatively sold XAUT tokens worth $13.17 million, incurring losses exceeding $1.7 million! It’s important to note that XAUT, being a stablecoin pegged to gold, should exhibit minimal fluctuations. However, the whales' loss sales reveal two major signals: first, institutional investors lack confidence in the market outlook, and second, short-term selling pressure may trigger a chain reaction.
Current XAUT price is $4499, right in the fluctuation period after the whale dump. Both bullish and bearish sides are engaging in fierce battles within the 4520-4580 range. This "institutional retreat battle" may determine the fate of ordinary players!