This guy clearly has a thing for digital gold⊠and honestly, itâs 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, itâs 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, heâs 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...