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Trader Who Profited from LUNA Crash Buys $9.83M in WBTC

Trader Who Profited from LUNA Crash Buys $9.83M in WBTC

On-chain analyst Ai Yi reports that the trader, who gained $5.16M during the LUNA/UST crash, has expanded their WBTC holdings to over $11.6M in total value.

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Fact Check
Multiple sources (Odaily, MEXC) directly corroborate that an address, known for profiting by shorting BTC during the LUNA/UST crash, spent $9.829 million to purchase WBTC. This amount is consistent with the statement's claim of $9.83 million. The specific figures are repeated across different news outlets, lending credibility to the claim.
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Summary

On September 26, 2025, on-chain analyst Ai Yi reported that a trader, known for earning $5.16 million shorting BTC during the LUNA/UST crash, purchased an additional $1.84 million in WBTC. This acquisition adds 16.52 WBTC, bringing the trader’s total to 106.09 WBTC with a combined investment of $11.66 million. The average cost per BTC equivalent stands at $109,985, highlighting the trader’s continued strategy of accumulating Bitcoin exposure through WBTC.

Terms & Concepts
  • WBTC (Wrapped Bitcoin): An ERC-20 token backed 1:1 by Bitcoin, enabling BTC to be used within the Ethereum ecosystem.
  • On-chain Analysis: The examination of blockchain data, including transactions and addresses, to derive insights on market activity and trader behavior.