Whale builds nearly $7M XAUT stash from Bybit as tokenized gold hits new records

On January 29, 2026, a newly created whale wallet accumulated almost $7M worth of Tether's XAUT tokens transferred out of Bybit's hot wallet. XAUT trading volumes climbed to a one-month high and open interest reached a record level, while the token traded at a slight premium to spot gold amid renewed demand for gold-backed assets.