As Gold Breaks New Records, Crypto Whales Move $30 Million into XAUt

Jakarta, Pintu News – Gold hit a new record high on October 15, after also hitting consecutive highs on October 13 and 14. As the key commodity rallied, some whales in the crypto world were seen piling up XAUt (XAUT) – the gold token issued by Tether – worth millions of dollars.

Whale Crypto Buys XAUt Over $30 Million

Specifically, Lookonchain observed two whales who collectively bought more than $30 million worth of XAUt in the past week. The most recent purchase occurred on October 15, where a Whale with the address 0xdfcA bought 2,879 XAUt which was then worth around $12.1 million.

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Previously, an account with the name casualpig.eth had bought 4,463 XAUt worth $18.7 million according to data from Lookonchain.

XAUt is the second-largest gold-based stablecoin by market capitalization, at around $1 billion at the time of writing. First place is occupied by PAX Gold (PAXG) with a market value of $1.30 billion.

Tokens like these allow traders and investors to have exposure to gold directly, without the need to store physical gold or purchase centralized contracts on traditional financial markets (TradFi), and provide independent control and permissionless access.

Gold Prints 3 New Record Highs in 3 Consecutive Days

The price of gold derivative contracts (CFDs) is currently trading at $4,196 per ounce, according to the TradingView index.

Earlier, on October 15, gold prices briefly hit a new record high of $4,218, having also broken $4,117 and $4,179 on October 13 and 14 respectively.

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Seven days earlier, gold had crossed the psychologically important level of $4,000 on October 8, which was a record high at the time. However, prices stabilized (consolidated) on October 9, then experienced a brief decline before the week closed on October 11.

Gold remains the world’s leading commodity and most valuable asset, with a total market capitalization of $29.27 trillion. In comparison, the company Nvidia (NVDAX) takes second place with a market capitalization of just under $4.5 trillion, while silver is the second largest commodity, with a market value of just under $3 trillion, according to data from CompaniesMarketCap.

Meanwhile, Bitcoin (BTC), the largest cryptocurrency, has a market capitalization of $2.21 trillion, with a current trading price of $111,132. Recently, the crypto market experienced a massive crash, with more than $19 billion in liquidations taking place.

This historic event likely prompted some investors to shift their capital into gold – including through tokenization solutions such as the digital gold products offered by Tether.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Crypto Whales Buy $30M of Tokenized Gold Amid New All-Time Highs. Accessed on October 17, 2025