Monitored by Woofun AI, a wallet linked to Abraxas Capital executed withdrawals of approximately 3931 XAUT from four major exchanges within an eight-minute window on July 8th. The total value of the transferred assets amounted to roughly $15.96 million.

The distribution of withdrawals included 2001 XAUT valued at approximately $8.12 million from Binance, 940.207 XAUT worth about $3.82 million from OKX, 760.244 XAUT totaling nearly $3.09 million from Bitfinex, and 230 XAUT equivalent to approximately $934,000 from Bybit.