The trader, known for profiting from shorting Bitcoin during the LUNA/UST crash, shifted $12 million into Tether Gold (XAUt), reflecting renewed interest in gold-backed digital assets.
A trader who previously gained $5.16 million from shorting Bitcoin during the LUNA/UST collapse has now purchased 2,879 Tether Gold (XAUt) tokens for approximately $12.01 million. The acquisition, made within eight hours at an average price of $4,168 per token, indicates a strategic shift toward gold-backed assets. XAUt, pegged 1:1 to physical gold, has maintained strong investor interest amid increased market volatility.