Crypto whales are aggressively accumulating tokenized gold, with on-chain data showing a surge in large purchases of Tether Gold (XAUT) and Paxos Gold (PAXG). Crypto Whales Accumulate Tether Gold as Tokenized Bullion Demand SurgesAs of this writing, gold was trading at $5,585, after Goldman Sachs and UBS’s $5,400 2026 price target was realized in record time. Data from Arkham Intelligence shows that exchange flows for Tether Gold have remained net negative for the past seven days. It suggests that investors are positioning for continued upside or using tokenized gold as a defensive allocation. Amid macro uncertainty, geopolitical tensions, and expectations around monetary policy, whales appear to be increasingly favoring tokenized gold as a liquid, blockchain-based proxy for physical holdings.