This guy clearly has a thing for digital gold… and honestly, it’s been working out pretty well for him.
After staying quiet for about 10 months, this wallet is back again...this time withdrawing 444 Tether Gold (~$2.08M) from Bitget. and if you look at his history, it’s not random at all.
Previously, he built a position in PAX Gold,777 $PAXG at around $3,301 avg, then smartly took profits by selling 555 at $4,655, locking in about $751K. on top of that, he’s still holding 222 PAXG sitting on ano...
DeFi tokens took a heavy hit over the past 3 months, with an average drawdown around 50% and some names like FT down ~75%.
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Even larger caps like AAVE, CRV, and WLFI are sitting deep in the red, which shows this was not isolated to smaller plays. TVL only dropped ~7.5% over the same period, so usage held up better than price. That gap usually points to repricing of risk rather than a full exit from the sector.
Feels like leverage and narratives got flushed, while the underlying activity is s...