The largest on-chain gold transaction in nearly three weeks: Tether transfers 28,723 XAUT to Abraxas

BlockBeats News, February 28, according to on-chain analyst Ai Aunt (@ai_9684xtpa), XAUT, the gold-backed token, has seen the largest single transaction in nearly three weeks. Four hours ago (UTC+8), Tether treasury address transferred 28,723 XAUT, worth $151 million, to UK asset management firm Abraxas Capital Mgmt.

Heka Funds (Abraxas Capital) is one of Tether's largest and most important institutional clients, having once held 1.5% of the total USDT issuance. Currently, among Tether's publicly disclosed on-chain address clusters, it is also the second largest entity by transaction volume.