XAUT sees brief surge of over 20% on South Korean exchanges

Tether Gold (XAUT) experienced a brief surge of as much as 25% on South Korean won trading pairs within the last 30 minutes, according to a CoinNess analysis. The momentary price spike of over 20% was observed only on local exchanges such as Upbit and Bithumb and did not occur in the global market. The token has since pared its gains and is currently trading at 6,742,000 won ($4,885) on Upbit, up 0.96%.