🚨 Update: PAXG on the Rise with New Milestone 🚨
The PAX Gold (PAXG) token shows a slight increase in its price and continues to attract market attention, driven by physical gold reaching a new record above $5,000 per ounce.
📊 Notable Growth:
· Market capitalization has reached $2.08 billion, a new high.
· Data shows significant accumulation by "whales": three addresses withdrew $14.33 million in tokenized gold from centralized exchanges.
💡 Why It Matters?
This demand reflects how large investors are using assets like PAXG as a digital hedge within the crypto ecosystem during times of geopolitical and macroeconomic uncertainty.
Additionally, its status as the only federally regulated gold token in the U.S. (by the OCC) gives it an institutional trust advantage.
To trade PAXG efficiently, Binance adjusted its collateral ratio from 60% to 50% for its Portfolio Margin product, affecting how traders can use the token as collateral for leveraged positions.
