According to blockchain monitoring platform Lookonchain, rising gold prices above $5,000 per ounce triggered a significant digital asset transaction by a smart contract address (0x0a5e).
The wallet first transferred 7 million USDT to Bybit exchange, followed by the conversion of 843 XAUT tokens, totaling $4.17 million in value.
Notably, this transaction volume far exceeded the address's historical average, with its operational pattern indicating institutional-grade capital movement.
- Gold price breakthrough triggers blockchain market reactions
- Large capital flows demonstrate increasing correlation with traditional financial markets
- Enhanced linkage between crypto assets and precious metal markets