🐋 Crypto Whales Increase BTC and Gold-Backed Token Holdings
On-chain data shows that large cryptocurrency investors, or whales, are boosting their holdings in Bitcoin and gold-backed XAUt tokens. One whale purchased about 3,983 XAUt tokens for around $20.2 million, bringing total XAUt holdings to 7,369 tokens valued at roughly $37 million, with an unrealized profit of about $1.83 million. The same whale also acquired 8,547 Ethereum tokens for approximately $25.35 million.
Other whales have made similarly large XAUt purchases, highlighting growing institutional interest in tokenized gold as a hedge and a strategic addition to crypto portfolios. These moves reflect a broader trend of capital rotation toward both Bitcoin and gold-pegged crypto assets, influencing overall market sentiment.
#CryptoWhales #Bitcoin #XAUt #GoldBackedTokens #Ethereum#InstitutionalInvestors #OnChainAnalysis #MarketSentiment
