PANews reported on October 15 that according to monitoring by on-chain analyst @ai_9684xtpa, "smart money that shorted BTC when LUNA/UST collapsed and earned $5.16 million" spent $12.01 million in the past 8 hours to buy 2,879 XAUt (Tether Gold), with an average price of $4,168.

XAUt is exchangeable with physical gold at a 1:1 ratio and has risen by 15% in the past month. This means you are really buying "digital gold".