Whale Wallet Pulls 450 $XAUT from Bybit, Raises Gold-Backed Holdings to $6.98M

A new crypto wallet, going by “0x0E4…4927E,” has gained considerable attention after extracting Tether Gold’s ($XAUT) 450 units. This transfer signifies the rising movement of the assets with high value across blockchain ecosystems. As per the data from Onchain Lens, the development has raised the whale wallet’s total $XAUT holdings to a staggering $6.98M. Thus, the whale has taken a key position among the biggest individuals holding gold-backed tokens.

Whale Wallet Pulls Out $2.51M in $XAUT from Bybit Amid Wider Consolidation Trend

The transfer history shows that the whale wallet, “0xE4…4927E,” has recently withdrawn a massive 450 $XAUT tokens from Bybit. Hence, the withdrawal of a cumulative $2.51M places the whale among the prominent gold-backed token holders, with holdings hitting the huge $6.98M. The move also underscores the growing trend of consolidation of wealth into asset-backed, stable cryptocurrencies amid high market volatility.

As the market statistics reveal, the whale wallet named “Token Millionaire” obtained a total of $450 XAUT from the well-known crypto exchange Bybit. With the value of up to $2.51M, the transfer’s time signifies the robust accumulation strategy of the whale. The other transactions included $AETHWETH and $ETH. However, none of the respective transactions had a magnitude as big as that of $XAUT.

Total $XAUT Holdings Hit $6.98M, Indicating Long-Term Strategy

According to Onchain Lens, $XAUT withdrawal also indicates a substantial exchange-to-wallet migration pattern. In this respect, big holders are moving assets off centrally controlled platforms into their private custody. The respective trend often serves as an indication of long-term holding intentions, minimizing exposure to likely regulatory scrutiny and exchange risks. Overall, with $XAUT holdings reaching $6.98M, the whale has become a large player in the growing intersection of crypto and gold.