In-depth Analysis: Fasanara Capital Heavily Buys XAUT at Average Price of $4,823

Institutional Buying Spree Continues

According to newly disclosed data from blockchain analytics platform lookonchain, renowned investment firm Fasanara Capital made another significant acquisition on February 3, purchasing over 2,700 XAUT tokens from the world's largest cryptocurrency exchange.

This transaction was executed at an average price of $4,823 per token, demonstrating the institution's bullish stance on gold-backed digital assets.

Whale Accumulation Detected

Notably, another on-chain address 0xcd3a also initiated a position three hours earlier, acquiring 647 XAUT tokens at an average price of $4,790, representing an investment of approximately $3.1 million in USDC.

• Gold-pegged tokens remain favored by institutional investors
• Frequent large transactions indicate growing market confidence
• Increased whale activity may trigger price volatility