A $93 million shark made 28,847 trades in 30 days, lost $162,000 and doubled its gold

What DeepSea's data shows

DeepSea labels Hold91cc (Ethereum, address ending in 91cc) a shark, a wallet that trades in size. We first covered it on November 8, when it showed $100.07 million in assets, 12,787 trades and $449.88 million of 30-day volume for +$26,100.

On its wallet page at 12:45 a.m. ET on November 10, the figures were 28,847 trades, $634.78 million of volume and minus $162,000 over both 7 and 30 days, with a 35% win rate. DeepSea's realized PnL table at 12:34 a.m. ET gave minus $160,911 on 1,838 closed trades, 650 of them winners.

Total assets now read $93.26 million. The top five holdings: USDe $23.99 million, XAUt $18.77 million (it was $9.50 million), RLUSD $17.69 million (was $25.18 million), USD1 $17.14 million (was $26.53 million) and QNT $10.79 million.

In DeepSea's live feed, the wallet bought 93 AAVE ($11,816) at 12:30 a.m. ET, then sold 39.35 AAVE ($4,999) and 1,363.05 AAVE for $173,177 at 12:33 and 12:34 a.m. It also bought $5,142 of LPT and made tiny trades in ENA, SOPH and ID.

Data: DeepSea (desea.io), checked November 10, 2026, 12:45 a.m. ET.

Checked on CoinGecko

CoinGecko priced AAVE at $127.16 at 12:50 a.m. ET, down 2.1% in a day. That puts 1,363.05 AAVE at about $173,300, in line with DeepSea. Tether Gold was at $4,105.12, so $18.77 million is about 4,570 XAUt, each token backed by one ounce of gold. QNT at $191.98 puts the QNT holding near 56,200 tokens, about 3,000 more than on November 8.

We could not open Etherscan or Blockscout in this run, so the trades rest on DeepSea's feed, with CoinGecko as the outside price check.

What the terms mean

DeepSea calls a wallet a shark when it trades in size. The win rate is the share of closed trades that made money. At 35%, about a third of the trades were winners and the rest lost. A wallet can still come out ahead with a rate that low if its winners are bigger than its losers. This month, for Hold91cc, they were not.

Realized profit and loss counts only trades that are closed. The wallet page shows minus $162,000, and the realized table shows minus $160,911, so the two measures tell the same story.

Most of the wallet sits in tokens built to hold a steady value. USDe, RLUSD and USD1 are dollar stablecoins. XAUt, or Tether Gold, is a token backed by one ounce of gold per unit. Moving money from dollar tokens into XAUt keeps it on the blockchain while swapping exposure to the dollar for exposure to the price of gold.

A lot of trading, a small loss

About 16,000 trades and $185 million of volume were added in roughly two days. The loss is about 0.03% of the month's volume. Many trades are tiny buys of small tokens, which looks automated. We do not know who runs the wallet, and DeepSea gives it no name beyond Hold91cc.

What's next

• Whether XAUt keeps growing as a share of the wallet
• Whether the trade count keeps climbing near 8,000 a day
• Whether the 30-day result turns positive again