On February 25, two long-dormant whale addresses resumed activity, withdrawing millions in Tether Gold from Bitfinex within hours, indicating renewed interest in gold-backed crypto assets.
Onchain Lens detected renewed activity from two dormant crypto whales on February 25. Whale address 0xCE7 withdrew 2,311 XAUT worth $11.82 million after three years of inactivity, and whale address 0x95c withdrew 2,169 XAUT worth $11.10 million after two years. Both transactions occurred within a 12-hour span from Bitfinex, totaling 4,480 XAUT valued at more than $22 million. The movements signal increased large-holder interest in Tether Gold, a token representing ownership of physical gold, amid changing market conditions.