Crypto whales are increasing their exposure to tokenized gold despite recent weakness in spot gold prices, with on-chain data showing large withdrawals of Tether Gold (XAUT) from major cryptocurrency exchanges. Blockchain analytics platform Onchain Lens reported that asset manager Abraxas Capital withdrew about 3,931 XAUT, valued at approximately $15.96 million, from Bitfinex, OKX, Bybit, and Binance. The transactions included 760.244 XAUT ($3.09 million) from Bitfinex, 940.207 XAUT ($3.82 million) from OKX, 230 XAUT ($934,000) from Bybit, and 2,001 XAUT ($8.12 million) from Binance. The… Read more
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