PANews reported on March 9th that, according to on-chain analyst @ai_9684xtpa, a whale who "made $5.16 million in smart money by shorting BTC during the LUNA/UST crash" liquidated his gold holdings and profited $5.499 million. This whale, after a two-month hiatus, became active again, selling 5250.1 XAUT tokens at an average price of $5131 in the past 13 hours, profiting $4.845 million (his initial investment five months ago was $4150.89). In addition, he deposited 559.74 PAXG and 16.717 WBTC into Binance, totaling $4.01 million; this operation nearly liquidated his entire portfolio, although he deposited all his USDT into Binance.

He once made $13.293 million by buying low in BTC and ETH.