A cryptocurrency whale has utilized looped borrowing strategies to acquire significant amounts of gold-backed tokens. The wallet, identified as 0x8522, has purchased 8,337 XAUt tokens, equivalent to $38.4 million, over the past 20 days. This acquisition was facilitated by borrowing $18.3 million USDe from the Aave platform, highlighting the growing trend of using decentralized finance (DeFi) protocols for large-scale asset purchases.