On-chain Gold Sees Largest Single Transaction in Three Weeks, Tether Transfers 28,723 XAUT to Abraxas

BlockBeats News, February 28th. According to on-chain analyst Ai Auntie (@ai_9684xtpa), the gold token XAUT saw its largest single transaction in nearly three weeks. The Tether treasury address transferred 28,723 XAUT to the UK asset management company Abraxas Capital Mgmt, worth $151 million, 4 hours ago.

Heka Funds (Abraxas Capital) is one of Tether's largest and most important institutional clients, holding 1.5% of the total USDT issuance at one point. Among Tether's publicly known on-chain address clusters, it is also the second-highest entity in terms of interacting amounts.