An address deposited 2,000 XAUt to Binance over the past 18 hours, suspected of liquidating its holdings.

BlockBeats news, October 29, according to AI Aunt monitoring, address 0x5Fe...4A838 is suspected of liquidating Tether Gold (XAUt). Over the past 18 hours, this address has deposited a total of 2,000 XAUt to Binance, worth approximately $8.08 million; if sold, it would incur a loss of about $144,000.

Monitoring shows that the aforementioned deposits were completed in two transactions: approximately 18 hours ago and about 2 hours ago, each depositing 1,000 XAUt (approximately $4.04 million each) to Binance. This address has also had multiple XAUt transfer in and out records with OKX. XAUt is a token pegged to physical gold, with each token corresponding to approximately one troy ounce of gold.