Crypto Whale Shifts $22.7M from Gold to Ethereum on Bitfinex

2026-03-13 21:57

A significant crypto whale activity has been observed on Bitfinex, where two wallets, potentially linked to the same entity, have shifted their holdings from gold to Ethereum. The wallets deposited 4,480 XAUT, equivalent to $22.7 million, and subsequently withdrew 10,242 ETH, valued at $21.92 million, within a two-hour window. This move highlights a strategic rotation from gold-backed tokens to Ethereum, reflecting changing investment preferences among large-scale investors.

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