Two major gold whales sold a combined $40 million worth of gold in the past two days, both realizing profits.

CoinFeed reported on March 9th that, according to Lookonchain monitoring, two large whales betting on gold took profits over the past two days, selling a total of approximately $40 million worth of gold. Over the past two days, 0x8C08 and 0xdfcA (suspected to belong to the same whale) sold 5250 XAUT tokens ($26.91 million) at an average price of $5125 and 560 PAXG tokens ($2.9 million) at an average price of $5173, making a profit of $5.32 million. Six hours ago, another whale, 0x8844, sold 1934 XAUT tokens ($9.74 million) at an average price of $5037, making a profit of $1.74 million.