Ethereum Wells Announces XAUT Holdings As Supply 712K
TLDR
Ethereum whales increased their holdings of XAUT as the number of wallets increased to 35,609 on March 11. Tether expanded the supply of XAUT to 712,247 tokens, pushing its market capitalization to around $3.57B. The price of gold has increased by more than 78% in the past year, while BTC has decreased by 16.78%. Abraxas Capital has accumulated 2.7K XAUT tokens valued at about $265M. XAUT has almost double the trading volume of Paxos Gold on major exchanges.
The price of gold is above $5,179, which has accelerated the Ethereum whale's buying of Tether Gold (XAUT). Wallet data showed steady growth in holdings in early March. At the same time, the issuance of new tokens has increased the supply and market capitalization.
When the number of wallets increases, Ethereum Wells increases the holding of XAUT
Ethereum whales have expanded XAUT reserves as on-chain data has recorded a stable stock. Wallets holding XAUT rose to 35,609 on March 11, up from 33,390 on March 1.
In recent days, big holders have concentrated on supply as top wallets have added more tokens. The second largest wallet controlled 8.02% of the total supply after recent purchases. Blockchain trackers linked that wallet to addresses linked to Abrax Capital.
Abraxas Capital holds 2.7K XAUT tokens worth approximately $265M. The organization has taken most of the tokens to the final destination wallet and limited spending flow. Meanwhile, Antalfa reduced some of its holdings after weeks of accumulation.
Antalfa has retained most of its stock despite recent sales. RhinoFi recorded the largest XAUT flow among the monitored entities. However, on-chain records have shown some activity from the DeFi protocol.
XAUT's supply expands when gold surpasses BTC.
Teter In early 2026, it produced new XAUT tokens, raising its total supply to 712,247. Market capitalization neared record levels of $3.57B. The growth was driven by continued demand for gold exposure.
The price of gold has increased by more than 78% in the past year, while BTC has decreased by 16.78%. As volatility in the crypto markets has increased, traders have turned capital into gold. XAUT offers exposure to physical gold through its blockchain infrastructure.
Tether reported $2.31M in net income from XAUT in the last quarter of 2025. The company controls the physical gold that backs its token offering. It also remains one of the largest owners of XAUT.
XAUT's trading volume is almost double that of Paxos Gold (PAXG). Bitget processed the majority of XAUT transactions, while some whales used Bitfinex. Despite the lack of a Binance listing, the token has maintained its liquidity.
Only one company currently holds XAUT as a treasury, US-based Aurelion. DeFi protocols also accept XAUT as collateral in select markets. The data shows a continuous holder growth since March 11th, indicating a continuous accumulation of large Ethereum wallets.
