Blockchain tracker Lookonchain highlights major gold-backed token purchases by three whale addresses, signaling strong demand from large investors within hours.
Blockchain analytics platform Lookonchain reported that three whale addresses acquired 3,164 gold-backed tokens valued at about $16 million within a four-hour span. Whale 0x2788 purchased 1,500 Tether Gold (XAUT) worth $7.58 million from OKX, whale 0x4E3c acquired 931.33 Paxos Gold (PAXG) worth $4.75 million from Binance, and whale 0xDea3 bought 732.8 PAXG worth $3.74 million within the past hour. The transactions underscore strong demand for tokenized precious metals among large-scale investors.