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Crypto whales are aggressively accumulating tokenized gold, with on-chain data showing a surge in large purchases of Tether Gold (XAUT) and Paxos Gold (PAXG).
The surge comes as spot gold continues to print fresh all-time highs, first breaching Goldman Sachs’ target and now headed toward Bank of America and Jefferies’ targets.
Crypto Whales Accumulate Tether Gold as Tokenized Bullion Demand Surges
As of this writing, gold was trading at $5,585, after Goldman Sachs and UBS’s $5,400 2026 price target…