XAUt (Tether Gold) Spent $12.01M to Buy 2,879 Tokens, Netting $5.16M Shorting BTC During LUNA/UST Crash

COINOTAG News on October 15 cited on-chain analyst Ai Auntie (@ai_9684xtpa), reporting that an address labeled “LUNA/UST Shorting BTC to Earn $5.16 Million Smart Money in the Crash” deployed approximately $12.01 million in the last eight hours to acquire 2,879 XAUt at an average entry of $4,168 per token, according to chain-level transaction traces.

Market data indicates XAUt is pegged 1:1 to physical gold and has appreciated roughly 15% over the past month, a performance metric that may reflect flight-to-safety flows amid crypto volatility and portfolio reallocation by on-chain actors.

The on-chain narrative suggests the address realized an estimated $5.16 million gain tied to short exposure in BTC during the LUNA/UST turmoil; this observation is based on transaction data and should be considered descriptive, not investment advice, when assessing institutional positioning and liquidity dynamics.

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