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Crypto whales are heavily betting on digital gold
As gold continues to hit new record levels, whale activity towards gold-backed cryptocurrencies is increasing.
Recent movements tracked show that wallet 0x6Afa spent $5.95 million to purchase 1,137 units of $PAXG in just two days. In a related development, a new wallet 0x0E4F withdrew 800 units of $XAUT worth $4.22 million from the Bybit platform a few hours ago, reflecting a clear trend towards hedging with gold in the digital currency market.
I see that this synchronization between the rise of physical gold and the interest in digital gold confirms that major investors are seeking safe havens away from the usual market volatility, which is a clear investment intelligence.
$XAUT
#GoldBreaksAbove$5,200 #TrumpWithdrawsEUTariffThreats
#elaouzi