$PAXG (Pax Gold) is pumping mainly because of strong demand for gold as a safe-haven asset. With global uncertainty (wars, inflation pressure, and USD weakness), investors are moving money from risky assets into gold-backed tokens, and $PAXG directly tracks real gold prices.

On-chain and exchange data show increased volume and long-term buying, not just a quick spike. On the 1M chart, price is in a strong uptrend, staying above MA(7) and MA(25), which confirms bullish momentum. Volume expansion + green candles = institutional accumulation.

MACD is positive and widening, meaning trend strength is increasing. Also, crypto investors prefer $PAXG

PAXG

5,044.2

+1.08%

over physical gold because it’s liquid, tradable 24/7, and backed 1:1 by real gold.