Whale activity spikes as Fasanara Capital and another large holder buy millions in Tether’s gold-backed XAUT token, signaling strong demand for tokenized gold.
On Feb. 3, blockchain data from lookonchain revealed that Fasanara Capital withdrew 2,797 XAUT from Binance, valued at $13.49 million at $4,823 per token. Another whale address, 0xcd3a, spent $3.1 million in USDC to acquire 647 XAUT at $4,790 each. These transactions reflect continued accumulation of Tether’s gold-backed cryptocurrency by large holders.