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Tokenized Gold Whale Flows

Where physical bullion meets the blockchain. Track XAUT (Tether Gold) and PAXG (Paxos Gold) whale moves on Ethereum, with mint/burn supply detection and plain-English context.

Last update: 2026-08-25 01:06 UTC · auto-refresh every hour · live data from on-chain Transfer events

Live snapshot · 24h combined

Whale transfers (24h) 121 ≥ 40 troy oz each (~$180K+)
Total volume (24h) 40.2k oz $184.6M USD-equivalent
XAUT share 31.9k oz 79% of 24h ounces · Tether Gold
PAXG share 8.4k oz 21% of 24h ounces · Paxos Gold

Two-Layer live feed

Top gold moves in the last 24 hours

Each row shows what happened (Layer 1) and why it might matter (Layer 2). Token badge marks XAUT (Tether Gold) vs PAXG (Paxos Gold). Larger ounce amount first.

XAUT20.0k oz of XAUT moved from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional gold reserve allocation or OTC trade
20.0k oz · $92.6M 0x25f05c...23b61b ↗
06:34 UTC
PAXG2.3k oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional gold reserve allocation or OTC trade
2.3k oz · $10.5M 0xc6a40b...cbcecf ↗
21:13 UTC
XAUT2.0k oz of XAUT moved from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional gold reserve allocation or OTC trade
2.0k oz · $9.2M 0x143806...ac6d45 ↗
18:05 UTC
PAXG1.2k oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional gold reserve allocation or OTC trade
1.2k oz · $5.6M 0xf6c4c3...042e50 ↗
14:22 UTC
PAXG1.2k oz of PAXG burned ← an unlabelled wallet
PAXG redeemed for physical custody withdrawal — token-side burn, vault-side gold leaves custody
1.2k oz · $5.6M 0x561c18...d8e5cf ↗
14:36 UTC
XAUT750 oz of XAUT moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
750 oz · $3.5M 0xad759e...bf133d ↗
10:04 UTC
PAXG410 oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
410 oz · $1.9M 0xb978e2...3cec3f ↗
12:02 UTC
PAXG324 oz of PAXG moved from Binance 14 to Binance 15
tokenized gold moving toward a trading venue — possible profit-taking or rotation back into crypto/stables
324 oz · $1.5M 0x8bf17d...538e0f ↗
12:22 UTC
PAXG200 oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
200 oz · $927.0k 0x7ffea2...0e50b7 ↗
11:16 UTC
PAXG200 oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
200 oz · $927.3k 0xc75958...bace19 ↗
11:23 UTC

Supply changes · last 7 days

Mints & burns

Canonical supply-changing events. Mints (issuance against new vault deposits) and burns (redemption — token destroyed when physical gold leaves custody). Each XAUT or PAXG token is backed 1:1 by allocated physical gold held in custody.

Minted (7d) 2.0k oz 1 mint events · new tokens issued
Burned (7d) 8.9k oz 4 burn events · tokens redeemed
PAXG burn · ← redemption to physical custody · 08-24 14:36 UTC
−1.2k oz
PAXG burn · ← redemption to physical custody · 08-21 16:11 UTC
−2.4k oz
PAXG burn · ← redemption to physical custody · 08-21 14:57 UTC
−3.2k oz
PAXG mint · → custody-issuer bridge · 08-19 13:49 UTC
+2.0k oz
PAXG burn · ← redemption to physical custody · 08-18 20:20 UTC
−2.0k oz

Cross-asset context

Tokenized gold = on-chain flight-to-safety signal. When BTC or ETH whales rotate into XAUT/PAXG, it often coincides with macro-risk-off periods. Conversely, gold-to-exchange flows can signal profit-taking before crypto bull legs.
Live cross-asset status
1hinflow ratio vs baseline">btc 0.17×gold 0.00×monitoringbaseline 27/30 samples
24hbtc 1.69×gold 0.00×monitoringbaseline 30/30 samples
7dbtc 1.52×gold 0.00×monitoringbaseline 12/30 samples
No rotation events triggered in the last 24h (need both BTC + Gold ratios ≥ 4.0× baseline). Last snapshot: 00:50 UTC · 6,882 snapshots collected since 2026-05-21 (24h+7d windows reach full baseline ~2026-06-20).

FAQ

Frequently asked

What counts as a tokenized-gold whale transaction?

Any on-chain XAUT or PAXG transfer of ≥ 40 troy ounces in a single event (~$180,000+ at current spot). XAUT uses 6 decimals (contract 0x6874…2F38), PAXG uses 18 decimals (0x4580…AF78). Both are tracked from each contract's Transfer event log on Ethereum mainnet.

Why XAUT + PAXG combined on one surface?

XAUT (Tether Gold) and PAXG (Paxos Gold) are the two dominant tokenized-gold assets by market cap (~99% combined). Both represent 1 token = 1 troy ounce of LBMA-grade allocated physical gold. Different issuers, same underlying exposure — combining them gives a complete view of the asset class.

How are mints and burns detected?

Standard ERC-20 mint/burn pattern: a Transfer event with from = 0x0000…0000 is a mint (new tokens enter circulation as new gold is deposited in custody), and Transfer with to = 0x0000…0000 is a burn (tokens destroyed as physical gold is withdrawn). Both issuers follow the OpenZeppelin standard for this.

What about XAUT on Tron?

Phase 5 ships Ethereum coverage first (~80% of XAUT supply + 100% of PAXG). Tron-XAUT is deferred to a later iteration. ETH-side covers the institutional + DeFi flow that matters for the flight-to-safety signal.

How do I get the raw data?

REST API at /v1/gold/whales/recent, /v1/gold/whale/<txid>, /v1/gold/address/<addr>, /v1/gold/holders/top, /v1/gold/supply/events. Bearer authentication required (Research tier). Full OpenAPI 3.0 spec available.

When does the page update?

Every hour at minute :06. Live whale-feed lags ~1-3 minutes behind the chain (block-confirmation + indexer batching). Real-time alerts ship via the Bluesky feed as Phase 5 W5 rolls out.