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Antalpha Transfers $5 Million in XAUT to Bybit Exchange

Blockchain data from Onchain Lens shows Antalpha moved 1,000 XAUT to Bybit, retaining a large gold-backed token reserve valued at over $300 million.

XAUT

Summary

Onchain Lens reported that Antalpha transferred 1,000 XAUT tokens worth about $5 million to cryptocurrency exchange Bybit, potentially for sale. The related wallet address still holds 59,033 XAUT, valued at more than $300 million. XAUT is a gold-backed stablecoin issued by Tether, representing ownership of one troy ounce of physical gold.

Terms & Concepts
  • XAUT: A gold-backed stablecoin issued by Tether, representing ownership of one troy ounce of physical gold.
  • Bybit: A cryptocurrency exchange offering trading in digital assets, derivatives, and other crypto-related products.
  • Onchain Lens: A blockchain data analytics platform that tracks and reports on cryptocurrency transactions and holdings.