Whale Secure Over $30 Million in Tether Gold As Spot Price Blasts Past Goldman Sachs’ Target

Crypto whales are aggressively accumulating tokenized gold, with on-chain knowledge displaying a surge in giant purchases of Tether Gold (XAUT) and Paxos Gold (PAXG).

The surge comes as spot gold continues to print contemporary all-time highs, first breaching Goldman Sachs’ goal and now headed towards Bank of America and Jefferies’ targets.

Crypto Whales Accumulate Tether Gold as Tokenized Bullion Demand Surges

As of this writing, gold was buying and selling at $5,585, after Goldman Sachs and UBS’s $5,400 2026 price target was realized in record time.

Now, the valuable steel is simply shy of Morgan Stanley’s $5,700 forecast, and the $6,000 and $6,600 predicted by the Bank of America and Jefferies, respectively.

📊 UPDATED Bank Targets for Gold 💰

🎯$6,000/oz
– Bank of America → Spring 2026 (most bullish)
-Deutsche Bank → End 2026 (+28% 📈)
-Societe Generale → 2026

🎯 $5,600–$5,700/oz
– Morgan Stanley → H2 2026
– OCBC → 2026
– Chinese Banking Corp → 2026 pic.twitter.com/B74QtQKRw9

— Kathy Lien (@kathylienfx) January 28, 2026

Meanwhile, blockchain analytics agency Lookonchain reported a number of high-value transactions through the last week of January, pointing to sustained whale curiosity in gold-backed tokens.

On January 27:

• Wallet 0xbe4C withdrew 1,959 XAUT value $9.97 million from Bybit and Gate
• Wallet 0x0F67 pulled 559 XAUT ($2.83 million) from MEXC.
• Wallet, 0x1b7D, withdrew a mixed 194.4 XAUT ($993,000) and 106.2 PAXG ($538,000) from MEXC on the identical day.

Many whales are accumulating gold!

0xbe4C withdrew 1,959 $XAUT($9.97M) from #Bybit and #Gate.

0x0F67 withdrew 559 $XAUT($2.83M) from #MEXC.

0x1b7D withdrew 194.4 $XAUT($993K) and 106.2 $PAXG($538K) from #MEXC.https://t.co/P1IvyVIBuAhttps://t.co/2BeknSmJ2I… pic.twitter.com/t8uE1xuPIe

— Lookonchain (@lookonchain) January 27, 2026

The accumulation pattern continued as gold prices pushed higher.

On January 28:

• Wallet 0x6Afa spent $5.95 million to accumulate 1,137 PAXG over a two-day interval.
• A newly created pockets, 0x0E4F, withdrew 800 XAUT value $4.22 million from Bybit simply hours earlier.

As gold retains printing new all-time highs, whales proceed shopping for gold.

0x6Afa spent $5.95M to purchase 1,137 $PAXG over the previous 2 days.

A newly created pockets 0x0E4F withdrew 800 $XAUT($4.22M) from #Bybit 13 hours in the past.https://t.co/pwJkfD5RZshttps://t.co/xK4Dpbagw3 pic.twitter.com/QQGgJCgqry

— Lookonchain (@lookonchain) January 28, 2026

• On January 5
• Wallet 0x8c08 spent $8.49 million to purchase 1,948 XAUT at a mean worth of $4,357.

Recently, BeInCrypto reported a sizable XAUT purchase, that includes among the many largest tokenized gold actions in current months. A single dealer on the Bybit exchange deposited 7 million USDT and withdrew 843 XAUT, value $4.17 million.

This highlights the rising curiosity in tokenized gold as a hedge in opposition to fiat volatility.

Negative Exchange Flows and Rising Market Cap Signal Long-Term Accumulation

Beyond particular person transactions, broader on-chain developments reinforce the buildup narrative. Data from Arkham Intelligence reveals that change flows for Tether Gold have remained internet damaging for the previous seven days.

This alerts persistent withdrawals from centralized platforms. Historically, sustained damaging change flows are related to long-term holding conduct somewhat than short-term buying and selling.

It means that buyers are positioning for continued upside or utilizing tokenized gold as a defensive allocation.

Market knowledge additional highlights XAUT’s momentum. According to CoinGecko, Tether Gold’s market capitalization has climbed to a brand new all-time high of $2.9 billion. It has been rising steadily all through the previous month earlier than accelerating sharply in the ultimate week of January.

The improve displays each increased gold costs and rising demand for tokenized publicity to bodily bullion.

The surge in on-chain exercise comes as Tether itself expands its footprint in the bodily gold market. BeInCrypto reported that more than one ton of gold is transported each week into a high-security vault owned by Tether, situated in a former Cold War-era bunker.

Tether’s shift to a 15% gold allocation, including to its 140-ton hoard saved in a Swiss nuclear bunker

— Steven Wang (@swangentr) January 28, 2026

The facility is now thought-about the most important identified personal gold vault in the world outside of banks and governments. This positions the stablecoin issuer as a big participant in the worldwide bullion trade.

Together, these developments level to a convergence between conventional safe-haven demand and crypto-native capital.

Amid macro uncertainty, geopolitical tensions, and expectations round financial coverage, whales seem like more and more favoring tokenized gold as a liquid, blockchain-based proxy for bodily holdings.

With change balances falling, market capitalization rising, and huge wallets steadily accumulating, XAUT’s current exercise means that tokenized gold is rising as a key bridge between crypto markets and the renewed world gold frenzy.

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