Several large cryptocurrency holders are accumulating gold-backed tokens by withdrawing substantial amounts from centralized exchanges. Specifically, three addresses withdrew a total of 1959 XAUT tokens worth $9.97 million from Bybit and Gate.io, 559 XAUT worth $2.83 million from MEXC, and a combined 194.4 XAUT and 106.2 PAXG tokens totaling $1.53 million from MEXC. This indicates strong interest in gold-pegged digital assets among institutional or large investors.
