Top Crypto Gainers Today, October 16 – DASH, PAX Gold, Tether Gold

Highlights:

• Dash leads the top crypto gainers today, driven by whale purchases and strong demand for privacy coins.
• PAX Gold rallies as rising gold prices boost investor confidence amid market uncertainty.
• Tether Gold gains momentum due to accumulation and expanding institutional interest in gold-backed assets.

The cryptocurrency market exhibits a bearish outlook, with global market capitalization and 24-hour trading volume declining to $3.79 trillion and $200 billion, respectively. The bearish trend has seen Bitcoin pull back below $111k while major altcoins display negative trends. Despite this downturn, several assets are trading in green, defying the bearish sentiment. In this article, we will discuss the top crypto gainers today, such as Dash, PAX Gold, and Tether Gold.

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Top Crypto Gainers Today

1. DASH

Dash has emerged as the top crypto gainer today after recording a 2% gain over the past 24 hours. The bullish momentum saw the altcoin’s price surge from lows of $44 to $52 before facing a pullback to the current price at $46.3. Additionally, the price has surged by 50% and 100% on the weekly and monthly charts, respectively.

Cryptocurrencies prioritizing privacy are getting more attention as public worries about data security grow. Privacy coins like Dash, Zcash, and Monero have outperformed most sectors, with average gains exceeding 60%, according to a recent MilkRoad report.

Only 2 crypto sectors made money this month.

Privacy Coins and Exchange Tokens, everything else bled out.

That tells you a lot about where capital hides when markets turn risk off.

If you’re building a portfolio for the next leg, don’t just chase hype sectors. pic.twitter.com/UZ60jXane1

— Milk Road (@MilkRoadDaily) October 14, 2025

Furthermore, Dash’s optimism is being bolstered by whale accumulation. Top DASH wallets now control more than 36% of the supply, up from 25% earlier this year, according to data from BitInfoCharts. Large holders are still purchasing rather than selling despite the coin’s rapid price growth, which suggests that they are becoming more optimistic about its long-term prospects.

2. PAX Gold (PAXG)

After rallying by 15% over the past 30 days, PAXG is back in the spotlight today again among the top crypto gainers. PAXG has surged by 1.70% on the daily chart, pushing the weekly gain to over 5%, recovering the price from last week’s historic crash. As of this writing, the altcoin is trading at $4,257 with a market cap of $1.32 billion.

As gold prices hit new highs, PAX Gold has seen strong buying. With a 24-hour RSI of 84, the token is showing significant momentum but is in the overbought region. As spot gold prices continue to rise in the face of increasing economic uncertainty, traders have been drawn to PAXG.

The robust inflows caused price action to tighten and volatility to rise. There isn’t much room for sellers to move without triggering pullbacks because so much capital is coming in. Additionally, as long as momentum indicators remain overheated, the market may see a correction if demand slows.

3. Tether Gold (XAUt)

Tether Gold’s price has been steadily climbing since it surged past the $4k mark on October 11. XAUt is among the top crypto gainers today, having recorded a 1.50% gain over the past 24 hours to trade at $4,254. Moreover, its market capitalization has climbed above $1 billion, despite a drop in trading volume to $348 million.

Since last week, there have been significant fluctuations in the cryptocurrency market, but Tether Gold has held steady. Over the last seven days, XAUt increased by 5%, attracting new institutional and retail investors. As broader markets weakened, major buyers’ interest in gold-backed assets increased.

Whales are buying $XAUT(Tether Gold)!

casualpig.eth bought 4,463 $XAUT($18.7M) over the past week.

Whale 0xdfcA bought 2,879 $XAUT($12.1M) today.https://t.co/4ATUYIokm2https://t.co/Z1RlArgtxL pic.twitter.com/jejcyVUrOk

— Lookonchain (@lookonchain) October 15, 2025

Additionally, whales are also a big part of this rally. According to Lookonchain data, 0xdfcA acquired 2,879 tokens worth $12.1 million, while casualpig.eth bought 4,463 $XAUT tokens worth $18.7 million. Meanwhile, investor confidence was bolstered despite broader uncertainty when Tether Treasury reportedly added $134 million in tokens to strengthen its reserves.

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