Data released by blockchain analytics platform Onchain Lens on February 2 revealed significant activity from a major crypto wallet. Over the past three hours, a whale acquired 414.37 XAUT tokens at an average price of $4,673 per token, spending a total of $1.94 million in the process.
This substantial purchase indicates strong confidence in the XAUT project from the buyer. Despite the broader market experiencing consolidation, the whale's accumulation behavior has served as a notable bullish signal for market observers.
Market Reaction
The disclosure of this transaction pattern quickly generated significant discussion within the crypto community. Analysts have noted that such large-scale accumulation often signals strong conviction in a project's future potential.
- Single transaction volume hits recent highs
- Average purchase price above market average
- Increased transaction frequency observed