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Gold again, Just… gold. it never Old. and this whale keeps coming back to $XAUt like it’s home base. Over the last 20 days, this guy has grabbed 8,337.65 XAUt, roughly $38.4M worth of on-chain gold. But the way it’s being done is what makes it interesting. He’s not just buying, instead actually looping.
Borrowing against stable assets on Aave, pulling out $18.28M in $USDE , then rolling that straight into more gold. Rinse. Repeat. The position keeps growing without fresh capital ever really entering the picture. This wallet is building a synthetic gold stack on-chain, layer by layer, using leverage that doesn’t scream “degen” -- it whispers “conviction.”
Address: 0x85220e6aa75238ba9c80353c6330ebee5142230e