←Back to feed
⛓️ Crypto⚪ NeutralImportance 6/10
Ethereum Whales Boost XAUT Holdings as Supply Hits 712K
🤖AI Summary
Ethereum whales significantly increased their XAUT (Tether Gold) holdings, with wallet numbers reaching 35,609 by March 11 as Tether expanded supply to 712,247 tokens. The move reflects institutional interest in gold-backed tokens amid gold's 78% price gains over the past year, while Bitcoin declined 16.78%.
Key Takeaways
- →Ethereum whales accumulated XAUT holdings as wallet numbers rose to 35,609 by March 11
- →Tether expanded XAUT supply to 712,247 tokens, pushing market cap near $3.57 billion
- →Gold prices gained over 78% in the past year while Bitcoin declined 16.78%
- →Abraxas Capital accumulated approximately 2,700 XAUT tokens valued at roughly $265 million
- →The trend suggests institutional shift toward gold-backed digital assets amid market volatility
Mentioned Tokens
$BTC$70,667▼-1.0%
$ETH$2,067▼-0.9%
Non-custodial · Your keys, always
#ethereum#xaut#tether-gold#whales#institutional-investment#gold-backed-tokens#abraxas-capital#market-cap#crypto-supply
Read Original →via Blockonomi
Act on this with AI
This article mentions $BTC, $ETH.
Let your AI agent check your portfolio, get quotes, and propose trades — you review and approve from your device.
Related Articles