Whale Activity Sparks Market Buzz
According to recent data from Onchain Lens, three major whale addresses have significantly increased their holdings of gold-backed tokens over the past three days, totaling 2,697.82 tokens. This large-scale accumulation indicates strong confidence from institutional investors in blockchain-based gold assets.
Detailed Purchases
- Whale address '0x6af' acquired 1,253.35 PAXG tokens at $5,260 each over the past three days, representing a total investment of $6.59 million.
- Whale address '0x870' added 777.47 XAUT tokens to its portfolio at $5,145 per token, amounting to a total value of $4 million.
- Whale address '0x7dc' purchased 667 XAUT tokens within the last 24 hours at $5,321 per token, representing an investment of $3.55 million.
Market Impact and Outlook
The recent whale purchases have injected fresh momentum into the gold token market. Analysts expect growing demand for these assets and anticipate increased investor interest in blockchain-based gold solutions in the near future.