Back

Two Major Wallets Acquire $30.8 Million in Gold-Backed XAUT Tokens

Recent purchases of 7,342 XAUT tokens by two prominent wallets signal increasing institutional interest in gold-backed cryptocurrencies.

XAUT

Summary

Two large cryptocurrency addresses, 'casualpig.eth' and '0xdfcA', have acquired a total of 7,342 XAUT tokens worth approximately $30.8 million. This includes a $12.1 million purchase of 2,879 XAUT today and a $18.7 million purchase of 4,463 XAUT in the past week, indicating growing interest in gold-backed digital assets.

Terms & Concepts
  • XAUT: A gold-backed cryptocurrency issued by Tether, representing ownership of physical gold stored in secure vaults.
  • Gold-backed Token: A type of cryptocurrency whose value is pegged to physical gold, enabling blockchain-based trading of gold assets.
  • Crypto Address: A unique identifier used to send and receive cryptocurrency on a blockchain network.