According to data from blockchain monitoring platform Onchain Lens, a newly created wallet made a significant move in the past 48 hours by acquiring gold-backed tokens.
The wallet exchanged 9,156.45 ETH (worth approximately $18.87 million) for 3,734.19 PAXG tokens, averaging at $5,053 per token.
This transaction has quickly drawn attention from market analysts, who are viewing it as a rare large-scale asset allocation event in recent crypto market activity.