Dormant Whale Reopens With 20x Leverage, Builds $11.5M Long Position in GOLD and SILVER

GateNews

Gate News message, April 16 — A whale address that had been inactive for over 2.5 months recently became active, opening a 20x leveraged long position in precious metals tokens, according to on-chain analyst Onchain Lens.

The whale accumulated 1,663 GOLD tokens and 43,870 SILVER tokens, with the combined position valued at approximately $11.5 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Domestic Gold Jewelry Prices Remain Stable at 1,435-1,438 Yuan per Gram on May 9

According to Golden Ten Data, domestic gold jewelry prices showed little change on May 9 compared to the previous day, with most brands quoted around 1,435-1,438 yuan per gram.

GateNews1h ago

Silver Hovers Around $72/oz on Thursday, Near Three-Week Lows Amid Middle East Tensions

On Thursday, silver prices hovered around $72 per ounce, approaching three-week lows, as surging energy costs intensified inflation concerns and reinforced market expectations for potential interest rate increases from major central banks. Geopolitical tensions in the Middle East, including the

GateNews1h ago

Gold Climbs Above $4,600 Per Ounce on Middle East De-escalation Signals

According to U.S. officials, gold prices climbed above $4,600 per ounce on Wednesday, the second consecutive trading day of gains, amid signals of de-escalation in the Middle East. U.S. Defense Secretary Hegseth confirmed that a ceasefire agreement reached approximately one month ago remains in

GateNews1h ago

Gold Rises to $4,760 per Ounce on Tuesday as U.S. and Iran Signal Ceasefire Talks

On Tuesday, gold prices rose to around $4,760 per ounce, rebounding from the previous trading day's decline, as the U.S. and Iran signaled willingness to restart negotiations on a longer-term ceasefire agreement before the current two-week truce expires. U.S. President Donald Trump stated that Iran

GateNews1h ago

Gold Holds Near $4,500/oz After 2% Decline as Middle East Tensions Escalate

Gold prices held near $4,500 per ounce on Tuesday following a nearly 2% decline the previous trading day, pressured by escalating Middle East tensions. U.S. forces repelled an Iranian attack while escorting two American-flagged vessels through the Strait of Hormuz, while the UAE reported

GateNews1h ago

Gold Stabilizes Near $4,700 Per Ounce as Middle East Ceasefire Remains Fragile

According to Iranian media reports and officials, gold prices stabilized near $4,700 per ounce on Thursday amid heightened uncertainty surrounding a fragile Middle East ceasefire agreement. Iranian officials reported that tanker traffic through the Strait of Hormuz has been suspended following

GateNews1h ago
Comment
0/400
No comments