New Crypto Address Withdraws $1.13M in Tether Gold from Bybit

New Crypto Address Withdraws $1.13M in Tether Gold from Bybit

A crypto wallet withdrew $1.13M in Tether Gold (XAUT) from Bybit and bought more, gaining an unrealized profit of $230,000.

XAUT

Fact Check
The evidence strongly supports the plausibility of the statement. The most crucial source, a news report from ainvest.com, directly confirms that large-scale withdrawals of Tether Gold are occurring from the Bybit exchange. Specifically, it reports a single wallet withdrawing a much larger sum of $9.97 million. While this source doesn't verify the exact $1.13 million figure from the query, it confirms that the specific type of activity (large Tether Gold withdrawals from Bybit) is happening. The fact that a much larger withdrawal has been reported makes a smaller, similar transaction of $1.13 million highly credible. Further contextual support comes from BlockchainReporter, which confirms that Bybit has enabled deposits and withdrawals for Tether Gold, establishing the technical possibility of the transaction. The other sources are irrelevant and there is no conflicting information. Therefore, based on the strong, direct evidence of similar and larger transactions, the statement is assessed as likely true with high confidence.
Summary

On-chain analyst Ai Yi reported that wallet 0x0E4…4927E withdrew 204.28 Tether Gold (XAUT) tokens, valued at $1.13 million, from Bybit. The wallet also purchased 1,454.28 XAUT worth $7.8 million at an average price of $5,365, now netting an unrealized profit of $230,000.

Terms & Concepts
  • Tether Gold (XAUT): A gold-backed digital token issued by Tether, representing ownership of one troy ounce of physical gold stored in secure vaults.
  • Bybit: A global cryptocurrency exchange offering trading in digital assets, derivatives, and spot markets.