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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: 2026-10-09 05:06 UTC · auto-refresh every hour · live data from on-chain Transfer events

Live snapshot · 24h combined

Whale transfers (24h) 130 ≥ 40 troy oz each (~$180K+)
Total volume (24h) 33.7k oz $137.8M USD-equivalent
XAUT share 23.9k oz 71% of 24h ounces · Tether Gold
PAXG share 9.8k oz 29% 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.

XAUT3.7k 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
3.7k oz · $15.3M 0xab2ae2...6643bc ↗
19:19 UTC
PAXG2.8k oz of PAXG newly minted → an unlabelled wallet
PAXG issuer minted new tokens — typically reflects a customer redemption of physical gold being tokenized
2.8k oz · $11.4M 0x3c3628...c3642c ↗
15:48 UTC
XAUT2.5k 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
2.5k oz · $10.3M 0xb7dfab...6baeb0 ↗
06:04 UTC
XAUT2.5k oz of XAUT moved from an unlabelled wallet to Binance 14
tokenized gold moving toward a trading venue — possible profit-taking or rotation back into crypto/stables
2.5k oz · $10.3M 0xf96070...f97021 ↗
06:12 UTC
PAXG500 oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
500 oz · $2.1M 0x0726e4...8b12c3 ↗
14:28 UTC
PAXG492 oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
492 oz · $2.0M 0xbadefe...8fb255 ↗
12:27 UTC
PAXG300 oz of PAXG moved from an unlabelled wallet to an unlabelled wallet
off-exchange transfer between non-CEX wallets — accumulation or rebalance
300 oz · $1.2M 0x9fbfeb...f2a9e6 ↗
14:27 UTC
PAXG282 oz of PAXG moved from Gate.io 1 to an unlabelled wallet
tokenized gold leaving a venue — heading to self-custody or institutional cold storage
282 oz · $1.2M 0x75636b...83c5a8 ↗
04:27 UTC
PAXG274 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
274 oz 0x4d122c...376bc5 ↗
12:02 UTC
PAXG250 oz of PAXG moved from an unlabelled wallet to OKX
tokenized gold moving toward a trading venue — possible profit-taking or rotation back into crypto/stables
250 oz · $1.0M 0xbfd40a...4ea4f1 ↗
16:36 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) 4.4k oz 3 mint events · new tokens issued
Burned (7d) 0.0 oz 0 burn events · tokens redeemed
PAXG mint · → custody-issuer bridge · 10-08 15:48 UTC
+2.8k oz
PAXG mint · → custody-issuer bridge · 10-07 14:00 UTC
+1.2k oz
PAXG mint · → custody-issuer bridge · 10-05 13:24 UTC
+395 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 0.04×gold 0.00×monitoringbaseline 27/30 samples
24hbtc 2.84×gold 0.00×monitoringbaseline 30/30 samples
7dbtc 1.36×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: 04:50 UTC · 10,134 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.