ChainCatcher report: According to on-chain analyst Aunt Ai (@ai_9684xtpa), XAUT, the gold-backed token, recently recorded its largest single transaction in nearly three weeks. Tether’s treasury address transferred 28,723 XAUT tokens to the UK-based asset management firm Abraxas Capital Mgmt, valued at $151 million. Heka Funds (Abraxas Capital) is one of Tether’s largest and most significant institutional clients, having previously held 1.5% of total USDT issuance. Among Tether’s publicly disclosed on-chain addresses, it remains one of the top two entities in terms of transaction volume.
Tether transfers $151M in XAUT to Abraxas Capital, the largest single transaction in three weeks
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Summary
Tether transferred 28,723 XAUT tokens, valued at $151 million, to Abraxas Capital Management in the largest XAUT transaction in three weeks. Heka Funds, a major Tether client, maintains significant transaction volume with the stablecoin issuer. This movement underscores XAUT as one of the altcoins to watch amid growing institutional activity.
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