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<h3>Fireline Report</h3>
<p>Antalpha's XAUT digital gold holdings saw a $8.2 million profit. DL Holdings and Antalpha reached a $200 million partnership, intending to acquire and distribute $100 million of XAUT. Spot trading pairs expanded, with major on-chain traders profiting $550,000 in three weeks.</p>
<h3>Trading Guide</h3>
<p>Event-driven, pay attention to the new trading pairs of XAUT/BTC and XAUT/USDC. If the price retreats to $4000, it will become invalid. Short-term chips will swirl in the market. Be wary of the risk of large-scale unlocking.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-18 08:14</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>XAUT Floating Profit Analysis: Antalpha&#39;s Position Net Profit of $8.2 Million</h1><h2> TL;DR</h2><p> <strong>Antalpha Global, through its subsidiary Aurelion, acquired 33,318 XAUT tokens for $134 million, at an average cost of $4,021.81</strong> . Driven by rising gold prices, this holding generated approximately $8.2 million in unrealized gains at its peak on October 17th. The current holding is valued at approximately $141.2 million, representing a net profit of $7.2 million (+5.4% return). Technical analysis shows that XAUT has risen 18% since September, strongly correlating with the strong performance of spot gold.</p><h2> Core Analysis</h2><h3> Position details and profit verification</h3><p> <strong>Basic data</strong> :</p><table><thead><tr><th> index</th><th> Numerical</th><th> illustrate</th></tr></thead><tbody><tr><td> Number of positions</td><td> 33,318 XAUT</td><td> 6.38% of the total XAUT supply</td></tr><tr><td> Purchase cost</td><td> US$134 million</td><td> Average price $4,021.81</td></tr><tr><td> Purchase date</td><td> October 14, 2025</td><td> Completed through a $150 million financing round</td></tr><tr><td> Current Value</td><td> US$141.2 million</td><td> Based on the closing price of $4,238.37 on October 18</td></tr><tr><td> <strong>Current net profit</strong></td><td> <strong>$7.2 million</strong></td><td> <strong>+5.4% unrealized gains</strong></td></tr></tbody></table><p> <strong>Return Fluctuation</strong> :</p><ul><li> <strong>Peak Profit</strong> : When XAUT hit $4,391.57 on October 17, the position was worth $146.3 million, <strong>with unrealized gains of approximately $12.3 million.</strong></li><li> <strong>Reported Profit</strong> : The $8.2 million profit reported by the media corresponds to an intraday price of approximately $4,260 <a href="https://coinlaw.io/dl-holdings-200m-tether-gold-bitcoin-mining/">CoinLaw</a> on October 17th.</li><li> <strong>Current Status</strong> : Profits have narrowed to $7.2 million from the peak as XAUT has pulled back 3.5%.</li></ul><h3> Strategic Background and Transaction Structure</h3><p> Antalpha Global (NASDAQ: ANTA) made this investment in XAUT through its acquisition of Prestige Wealth Inc. (now Aurelion Inc., NASDAQ: AURE). This transaction is a core component of Antalpha&#39;s &quot;Reserve 2.0&quot; strategy, which aims to hedge against crypto market volatility using tokenized gold.</p><p> <strong>Financing structure</strong> :</p><ul><li> Total funding: $150 million ($100 million private placement + $50 million in debt)</li><li> Antalpha Investment: $43 million for a 32.4% stake and 73.1% voting rights</li><li> Tether Investment: $15 million in private placement</li><li> Use of funds: US$134 million will be used to purchase XAUT, making Aurelion the first Nasdaq-listed <a href="https://www.nasdaq.com/press-release/antalpha-subsidiary-purchases-134-million-tether-gold-xaut-2025-10-14">entity</a> fully backed by XAUT.</li></ul><h3> Technical analysis: XAUT performs strongly</h3><p> <strong>Price trends</strong> (September 1st - October 18th):</p><table><thead><tr><th> Time period</th><th> Price level</th><th> Increase</th><th> Key Events</th></tr></thead><tbody><tr><td> September 1</td><td> ~$3,600</td><td> Benchmark</td><td> Analysis starting point</td></tr><tr><td> October 14</td><td> $4,129</td><td> +14.7%</td><td> Antalpha Buy Day Close</td></tr><tr><td> October 17</td><td> $4,392</td><td> +22.0%</td><td> Price peak, profit maximization</td></tr><tr><td> October 18</td><td> $4,238</td><td> +17.7%</td><td> Current price, slight pullback</td></tr></tbody></table><p> <strong>Technical indicators</strong> :</p><ul><li> <strong>Trend Strength</strong> : ADX reached 64.4, confirming a strong uptrend</li><li> <strong>Momentum indicators</strong> : RSI is at 72.7, approaching overbought territory but still showing buying power</li><li> <strong>Volatility</strong> : ATR is $77.65, with an average daily fluctuation of about 1.8%, which is relatively stable.</li><li> <strong>Support</strong> : The $4,000-$4,014 range is key support, corresponding to the Fibonacci retracement level</li><li> <strong>Resistance level</strong> : $4,300 is the next important resistance, which is consistent with the target level of spot gold <reference tool_id="call_32693643" category="heatmap" project="XAUT" description="XAUT OI USD and 24h change percent by exchange at 2025-10-18 02:23 UTC"/></li></ul><h3> On-chain data analysis</h3><p> <strong>Holdings Verification</strong> : Although no public wallet address for Antalpha has been found, the size of its holdings has been verified through the following methods:</p><ul><li> CoinGecko Treasury Tracker confirms 33,318 XAUT <a href="https://coingecko.com/en/treasuries/companies/aurelion">holdings</a></li><li> Arkham Intelligence identified a small &quot;antalpha&quot; entity (33.35 XAUT, approximately $141,000 USD), but this does not match the reported large holdings.</li><li> Major holdings may be managed through custody or OTC methods, in line with institutional operating practices</li></ul><p> <strong>Market impact</strong> :</p><ul><li> Antalpha’s 33,318 XAUT represent 6.38% of the total supply, representing a significant holding by a single entity.</li><li> The mid-October bulk purchases coincided with whale activity, with $30.8 million in institutional inflows during that period.</li><li> XAUT&#39;s 24-hour trading volume reached $585 million, with sufficient liquidity to support large positions.</li></ul><h3> Social sentiment analysis</h3><p> <strong>Community Reactions</strong> :</p><ul><li> Crypto Twitter discussions are relatively sparse, focusing primarily on news announcements rather than in-depth debates.</li><li> Influential accounts see this move as a bullish signal for tokenized real assets (RWAs) and a positive step for Tether’s ecosystem expansion.</li><li> There was no widespread community backlash or FOMO-driven hype; posts viewed the development as a cautious institutional setup.</li></ul><p> <strong>Analysts’ Views</strong> :</p><ul><li> Arkham Intelligence questions the timing of the buy, suggesting a possible entry near a gold price top, but lacks broader analyst follow-up.</li><li> Official communications remain optimistic, emphasizing risk management and profit opportunities, but avoiding specific profit figures.</li><li> There are no major disputes or doubts, and the profit figures are verified by independent on-chain tracking and are consistent with SEC documents.</li></ul><p> <strong>Market Perception</strong> : Overall sentiment is positive on innovation, but neutral with skepticism regarding entry timing. The low number of high-quality discussions suggests the topic has yet to garner sustained attention on Twitter.</p><h2> in conclusion</h2><p> Antalpha&#39;s XAUT investment strategy has been successful in the short term, <strong>with current holdings generating $7.2 million in unrealized gains</strong> , having peaked at $12.3 million. The investment has benefited from the strong performance of the gold market (up 56% so far in 2025) and safe-haven demand driven by geopolitical uncertainty.</p><p> <strong>Risk factors</strong> :</p><ul><li> Profits are highly dependent on gold price fluctuations and have recently fallen by $5 million from their peak.</li><li> Holdings account for 6.38% of XAUT supply, which poses a liquidity risk.</li><li> As the first listed company with XAUT reserves, it faces regulatory and market attention.</li></ul><p> <strong>Outlook</strong> : Technical analysis shows XAUT maintaining a bullish structure above $4,000, targeting $4,300-4,400. Antalpha plans to use uncollateralized XAUT for lending, generating 50-100 basis points of yield through its Prime platform, providing an additional source of income for long-term holdings.</p>
