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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
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Whale floating profit of $470,000! Precious metal tokenization contract holdings exceed 4.96 million
【BitPush】Recently, on-chain monitoring detected an interesting top address operation — a whale’s unrealized profit on a tokenized precious metals contract has exceeded $470,000. The specific distribution is as follows: PAXG contract with 10x leverage has the highest unrealized profit, reaching $340,000; xyz protocol’s gold product with 10x leverage has an unrealized profit of $55,000; silver product with 5x leverage has an unrealized profit of $72,000. The total position size of the tokenized gold contract has expanded to $4.96 million.
Considering this position size and unrealized profit margin, it indicates that the precious metals tokenization sector has attracted significant capital attention through leveraged trading. From the choice of leverage multiples, this whale’s bullish attitude towards gold appears to be more firm than towards silver.