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

ChainCatcher reports that recently, on-chain analyst Ai Yi (@ai_9684xtpa) detected the largest single transaction in nearly three weeks for the gold token XAUT. A transfer of 28,723 XAUT, worth $151 million, was made from Tether's treasury address to the UK asset management firm Abraxas Capital Mgmt.

Heka Funds (Abraxas Capital) is one of Tether's largest and most important institutional clients, once holding 1.5% of the total USDT issued. Currently, among Tether's publicly available on-chain addresses, it is also the entity with the second-highest interaction volume.