$18 Million Ethereum Drawdown Pushes Whale Toward Stablecoins And Tokenized Gold In 2025

On-chain tracking shows a large crypto wallet that lost about $18 million on an Ethereum trade between November 3 and November 7, 2025 has overhauled its portfolio. After spending roughly $110 million to buy 31,005 ETH and later exiting near $92.19 million, the address has shifted heavily into USDT, USDC and Tether's XAUT tokenized gold, building a metals-linked position while cutting directional exposure to Ether. The wallet now holds close to $91 million, with the majority parked in stablecoins and a smaller allocation in gold-backed tokens and reduced ETH.