Antalpha’s XAUT Position Sheds $50 Million in Paper Profits

Crypto analytics firm Arkham reports that Bitmain-linked lending platform Antalpha has seen a decline in unrealized profits from its XAUT holdings.

Initially, Antalpha accumulated around $241 million worth of XAUT at an average purchase price of $3,693, with paper gains peaking at nearly $100 million. However, as market conditions shifted, those unrealized profits decreased by about $50 million, bringing current gains down to roughly $50 million.

Source: Arkham