Crypto Whales Buy $30M of Tokenized Gold Amid New All-Time Highs

Key notes

• Two major whales have amassed $30 million in gold-backed Tether tokens as the precious metal soared above $4,200 per ounce.
• Gold’s market cap of $29.27 trillion outpaces all other assets, including Nvidia’s $4.5 trillion valuations and Bitcoin’s $2.21 trillion valuations.
• The shift to tokenized gold comes on the heels of a historic crypto collapse that led to $19 billion being liquidated in digital asset markets.

Gold reached a new all-time high on October 15, having previously reached subsequent record highs this week on October 13 and 14. As commodities rose, some crypto whales were seen hoarding millions of dollars worth of XAUt, Tether’s premium gold.

In particular, Lookonchain spotted two whales who together bought over $30 million worth of XAUt over the past week. The last purchase occurred on this date, with Whale 0xdfcA acquiring 2,879 XAUt, worth $12.1 million by press time.

Before that, Casualpig.eth bought 4,463 pieces of tokenized gold, worth $18.7 million according to Lookonchain.

Whales buy $XAut(gold rope)!

Casualpig.eth was purchased for 4,463 $XAut($18.7 million) during the past week.

Pisces 0xdfcA bought 2879 $XAut($12.1 million) today.https://t.co/4ATUYIokm2https://t.co/Z1RlArgtxL pic.twitter.com/jejcyVUrOk

– Loconchain (@loconchain) October 15, 2025

XAUt is the second-largest gold-pegged stablecoin by market capitalization, with a market capitalization of $1 billion at the time of this writing, losing only to PAX Gold.

PAXG
$4219



24-hour fluctuations:
1.3%


Market value:
$1.31 billion



Vol. 24 hours:
$390.68 million

With a market value of $1.30 billion. These tokens allow traders and investors to gain exposure to self-custody, permissionless, and mobile gold without having to store physical gold bullion or purchase centralized contracts on TradFi.

Gold reaches all-time highs in 3 days

CFDs on gold are currently trading at $4,196 per ounce, according to the TradingView indicator. Earlier on October 15, contracts reached a new all-time high of $4,218, following two previous consecutive record highs of $4,117 and $4,179 on October 13 and 14, respectively.

Seven days ago, the precious metal hit a record high, surpassing the psychological resistance of $4,000 on October 8. Gold settled at this level on October 9, only to correct before closing the week on October 11.

Gold is the world’s leading commodity and most valuable asset, with a market capitalization of $29.27 trillion. For comparison, Nvidia has the second-largest market cap in the world, currently just under $4.5 trillion. Silver is the second largest commodity with a value of less than $3 trillion. Based on data from CompaniesMarketCap.

Highest assets by market capitalization, as of October 15, 2025 | Source: Companies Market Cap

Bitcoin

Bitcoin
$111,222



24-hour fluctuations:
1.6%


Market value:
$2.21 T



Vol. 24 hours:
$72.10 billion

the leading cryptocurrency, has a market capitalization of $2.21 trillion, and is trading at $111,132, as cryptocurrencies recently witnessed an unprecedented collapse with more than $19 billion liquidated. This historic event could have prompted investors to shift a portion of their capital into gold, gaining exposure via tokenized solutions such as those offered by Tether.

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Vini Barbosa has been covering the cryptocurrency industry professionally since 2020, summarizing over 10,000 hours of research, writing, and editing relevant content for media outlets and key industry players. Vinny is an active commentator and big user of technology, and truly believes in its revolutionary potential. Topics of interest include blockchain, open source software, decentralized finance, and real-world utilities.

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