Tether CEO Posts War Video on X Amid Price Correction

Source
JH Kim

Summary

  • It said the digital asset market is seeing a sharp price correction and rising volatility across the board.
  • It noted that the Tether CEO posted only a video on X showing an army with shields and swords, with no additional explanation.
  • It said the video could be interpreted as symbolizing resilience and defensive strength in an upcoming phase of selling pressure.

As the digital asset (cryptocurrency) market undergoes a sharp, broad-based price correction, Tether’s chief executive officer (CEO) posted a symbolic video.

According to crypto-focused outlet U.Today on the 6th (local time), Paolo Ardoino, CEO of Tether, uploaded a short video to his X (formerly Twitter) showing an army carrying shields and swords heading toward a battlefield.

The video was posted at a time when volatility was rising across the crypto market and the price correction was continuing. Ardoino did not add any separate explanation or comment alongside the clip.

The outlet said the video "could be interpreted as symbolizing resilience and defensive strength in an upcoming phase of selling pressure."

Recently, volatility has been increasing in bitcoin and major altcoins, weighing on investor sentiment. It added that symbolic moves by key industry figures in such conditions have become subject to market interpretation.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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