A whale swapped $5.95 million worth of XAUt for ETH, realizing a $430,000 paper profit within 11 hours.

According to on-chain analyst Ember (@EmberCN), a whale address purchased 2,698.5 ETH for $5.95 million (1,265 XAUt at $2,205 each) 11 hours ago. Subsequently, ETH surged, generating an unrealized profit of approximately 7%—about $430,000—for the whale’s position within those 11 hours.