XAUt (Tether Gold) increased by 3.62% in the past 24 hours

Gate News Bot Message, January 21 — According to CoinMarketCap data, as of press time, XAUt (Tether Gold) is priced at $4,838.02, up 3.62% in the past 24 hours, with a high of $4,841.96 and a low of $4,552.04. The 24-hour trading volume reached $253 million. The current market capitalization is approximately $2.125 billion, an increase of $74.2 million from yesterday.

Recent Important News on XAUt:

1️⃣ Large Whale Continues Buying to Drive Market Demand
In the past 8 hours, whale addresses using ETH, WTAO, and USDT among other assets purchased 438.74 XAUT, totaling $2.12 million. This large transaction reflects ongoing demand from institutions or high-net-worth investors for tokenized gold, providing capital support for market upward movement.

2️⃣ Revolving Lending Strategy Drives Long-term Accumulation
A whale has accumulated 8,337 XAUT over the past 20 days through a revolving lending approach, with a total value of $38.4 million. This sustained large purchase indicates investors are optimistic about the long-term value of gold assets and are increasing their holdings via leverage, demonstrating strong bullish sentiment toward the XUAT market.

3️⃣ Institutional Allocation Demand Supports Trading Volume and Market Cap Growth
The recent frequent buying activity by large whales correlates with a $74.2 million increase in XAUt’s market cap, with a 24-hour trading volume of $253 million. This shows that tokenized gold, as a blockchain representation of traditional assets, is attracting more institutional buyers, further reinforcing the upward trend of the market.

This message is not investment advice. Investors should be aware of market volatility risks.