Three Whales Inject $18.94 Million into Gold Tokens XAUT and PAXG

With gold prices once again breaking the $5,000 mark, on-chain data reveals three crypto whales are aggressively accumulating gold-backed tokens, injecting a total of $18.94 million into the market.

Whale Movements in Detail

The following significant transactions were recorded by blockchain analytics platforms:

• Address 0xf56 spent 8.09 million USDC to purchase 1,636.77 XAUT tokens at $4,943 per token.
• Address 0xa92 utilized WBTC and stETH worth $6 million to acquire 564.27 PAXG and 631.56 XAUT tokens at $5,020 each.
• Address 0x09e deployed 4.85 million USDT to buy 977 XAUT tokens priced at $4,961 per token.

The Rise of Tokenized Gold

As gold prices climb, tokenized gold assets are gaining traction among investors. These blockchain-based instruments offer a more accessible and efficient alternative to traditional gold investment methods. The recent whale activity suggests growing institutional and retail confidence in this emerging asset class.