Whale Secure Over $30 Million in Tether Gold As Spot Price Blasts Past Goldman Sachs’ Target

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).

The surge comes as spot gold continues to print fresh all-time highs, first breaching Goldman Sachs’ target and now headed toward Bank of America and Jefferies’ targets.

Crypto Whales Accumulate Tether Gold as Tokenized Bullion Demand Surges

As 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.

Gold (XAU) Price Performance. Source: TradingView

Now, the precious metal is just shy of Morgan Stanley’s $5,700 forecast, and the $6,000 and $6,600 predicted by the Bank of America and Jefferies, respectively.