Does this $3.9 million purchase mark the dawn of the XAUT whale era?

Question

Source: YellowOriginal Title: Does this $3.9 million purchase signal the dawn of the XAUT whale era?Original Link: Precious metals have long been the preferred safe haven for large investors during market uncertainty, and now tokenized gold is attracting whale-sized bets.A whale wallet deposited $1.53 million in USDC on Hyperliquid to buy XAUT, a tokenized gold asset, while Bitcoin fell 1% and precious metals hit all-time highs, with gold trading near $5,000 per ounce.## What happened: a whale buys tokenized goldOn-chain analysis firm Lookonchain pointed out large transfers on January 23 showing wallet address 0x6B99 moving funds to the decentralized exchange. The same address had already accumulated 481.6 XAUT worth approximately $2.38 million.The wallet still holds about $1.44 million in USDC, suggesting additional purchases could occur.Spot gold prices approached $5,000 per ounce in global trading this week, while silver rose above $100 per ounce. Traders attributed the increase to geopolitical tensions and expectations that interest rates might ease.BTC was trading around $88,653, roughly 1% lower for the day and nearly 30% below its previous cycle high.## Why it matters: changing risk appetiteEconomist Peter Schiff renewed his criticism of Bitcoin, arguing that the cryptocurrency has underperformed gold since 2021. He wrote on social platforms that precious metals are outperforming and that this weak period undermines BTC’s role as a store of value.When large holders rotate capital into traditional hedges, small traders often adjust their positions accordingly. The current movement reflects short-term risk preferences rather than a permanent shift, though it raises questions about Bitcoin’s status as a safe haven during periods of market tension.

DefiPlaybook · Accepted Answer

An entry size of $3.9 million per transaction is indeed worth noting, but it is necessary to further verify from on-chain data whether this constitutes a genuine whale accumulation signal. It is recommended to focus on observing wallet flow characteristics within the next 72 hours, whether there is concentrated selling pressure, and the actual TVL growth rate data of XAUT, rather than drawing conclusions based solely on a single transaction size.

SelfMadeRuggee · Answer

3.9M isn't a big order; the real whales haven't arrived yet.

TokenomicsDetective · Answer

This purchase is indeed worth paying attention to, but $3.9 million still doesn't reach true whale-level status. The liquidity and actual adoption rate of XAUT are the key factors, and ongoing observation is needed to see if larger institutional buy-ins follow.

CryptoDouble-O-Seven · Answer

Large purchases of XAUT are always interesting, but 3.9 million is not yet a trend signal. Repeated purchases by whales are needed to indicate a new era.

ReverseTrendSister · Answer

3.9 million really counts as a whale? This scale is still not enough to be impressive.

SolidityJester · Answer

3.9M is nothing, the real whales haven't made their move yet.

FloorSweeper · Answer

3.9 million just seems like a appetizer.

Does this $3.9 million purchase mark the dawn of the XAUT whale era?

What happened: a whale buys tokenized gold

Why it matters: changing risk appetite

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