Antalpha-linked wallets accumulated over $71 million in XAUT as tokenized gold returned to crypto market prominence through expanding DEX liquidity and perpetual futures activity.
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XAUT whale accumulation tops $71M as tokenized gold demand revives
Antalpha-linked wallets accumulated more than $71 million in XAUT as tokenized gold demand returned to crypto markets, with DEX liquidity and perpetual futures activity expanding across major chains.
On-chain data from Arkham Intelligence shows one Antalpha-linked wallet accumulated repeated 1,000-unit XAUT tranches while gold traded near $4,000 per ounce, holding about 16,120 XAUT by Sept. 4 with no visible cash-out activity. A second Antalpha-linked wallet holds more than 33,000 units alongside other assets, with some holdings moved to custody through Cobo.com. The accumulation pattern suggests professional investors are using multiple routes for storage and execution.
XAUT, Tether's gold-backed token, traded near $4,430 on CoinGecko after gold pulled back from recent highs. The token's holder count reached 84,756 wallets, up more than 16 percent over 30 days, with over $4.6 billion in value moved on-chain during August. Active addresses topped 53,000 as demand spread across Ethereum, BNB Chain, and Monad. Tether increased XAUT supply during recent months as demand strengthened, with about $59 million flowing into the token as of Sept. 4.
The renewed activity extends beyond spot ownership. About $2.39 million in XAUT liquidity traded through Uniswap V3, and Lighter added XAUT as collateral for perpetual futures. On Hyperliquid, gold open interest returned to about $750 million with $299 million in daily trading.
Whale Positioning Leans Long on Hyperliquid
Large traders on Hyperliquid's gold perpetuals are mostly positioned on the long side. The biggest tracked long carried more than $273,000 in unrealized gains, while the largest short position showed unrealized losses near $2.2 million on Sept. 4.
The renewed interest follows stronger demand for defensive assets during inflation concerns and geopolitical uncertainty. Gold also benefited from traders seeking alternatives to semiconductor-linked positions. Tokenized gold gives those traders a familiar macro asset with crypto-native settlement, allowing faster movement between collateral, spot trading, and leveraged markets.
XAUT and PAXG now rank among the most actively traded gold-backed assets on decentralized exchanges. Their liquidity gives crypto traders direct exposure without leaving blockchain markets. The market is becoming less dependent on centralized exchanges as decentralized liquidity improves across major chains, a shift that may help tokenized gold compete more directly with stablecoins and other real-world assets used as trading collateral. The expansion of XAUT's collateral role, DEX liquidity, and whale ownership is creating more trading paths for commodity-backed tokens, potentially drawing fresh capital into the broader real-world asset tokenization sector.
This article is for informational purposes only and does not constitute investment advice.
[1] Tokenized Gold Returns as XAUT Drives Fresh Crypto Market Demand[2] Crypto's gold rush: why did tokenized gold return as a hot asset?[3] Solana (SOL) Price: Major Whale Accumulation and Record ETF Inflows Signal Potential Rally to $150[4] Hyperliquid (HYPE) Whale Accumulation Intensifies—Can the Price Break Out Toward $100?
