Anonymous Entity Acquires 4,300 XAUT Tokens for $21.71 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 4d ago- Surge in Market Interest: An anonymous entity acquired 4,300 XAUT tokens for approximately $21.71 million on January 25 through seven wallets, bringing total holdings to 7,369 tokens valued at around $37.03 million, indicating strong market interest in gold-backed cryptocurrencies.
- Investment Strategy Shift: This acquisition marks a strategic pivot for the entity, which previously incurred a $13.73 million loss in ETH trades, enhancing its position in gold-backed crypto assets and reflecting a rising focus on such investments in the current market environment.
- Market Dynamics Observation: Despite significant interest from market analysts regarding this transaction, there has been no official response from Tether's leadership, leaving the market to speculate on its implications, with regulatory bodies and exchanges also remaining silent on the matter.
- Increased Investor Confidence: According to CoinMarketCap, Tether Gold (XAUt) is currently trading at $5,040.57 with a market cap of $2.22 billion and a 24-hour trading volume up 32.18% to $342.19 million, indicating a growing confidence among investors in gold-backed cryptocurrencies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
