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Whale's Big Move: Sweeping 9,000 XAUT in 25 Days, Circular Lending Arbitrage Gains of 3.45 Million
【ChainNews】An interesting event has occurred again. On-chain monitoring data shows that a big whale has recently been playing the game of cycle lending. This guy has been sweeping up with 42.13 million USDe over the past 25 days, directly purchasing 9,439 XAUTs, with the average transaction price around $4,463.
The current unrealized profit has soared to $3.45 million. This method is quite interesting—completing large positions through a lending mechanism and then waiting for gains. This tactic is becoming more common in the current DeFi ecosystem, with big players using it to leverage larger funds.
From the data, this transaction indicates that market participants remain optimistic about assets like XAUT. USDe, as a lending token with ample liquidity, allows whales to quickly build such large positions, which also shows that market liquidity is quite good. How this whale will operate next is worth paying continued attention to.