Lookonchain reports that three whale addresses moved substantial amounts of tokenized gold off major exchanges. Address 0xbe4C withdrew 1,959 XAUT from Bybit and Gate; address 0x0F67 withdrew 559 XAUT from MEXC; and address 0x1b7D withdrew 194.4 XAUT and 106.2 PAXG from MEXC. The transfers, dated around January 27, 2026, are described by Lookonchain as accumulation and are supported by Arkham Intelligence address links.
From a trading perspective, reduced exchange supply can lift spot prices. Traders monitoring on-chain activity note that these outflows often precede rallies in XAUT and PAXG, especially when aligned with rising traditional gold prices. On-chain metrics show a 15% uptick in unique addresses holding PAXG, suggesting growing retail interest. This pattern reinforces the view that whales are diversifying into gold-backed crypto to hedge against crypto volatility.
Such moves may reflect a broader diversification strategy, rotating into assets pegged to physical gold. If traditional gold prices climb due to geopolitical tensions or economic data, XAUT and PAXG could see amplified trading volumes and potential entry points for swing traders. However, risks remain, including sudden liquidations on exchanges, so position sizing and stop-losses at 3-5% below entry are advisable.
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