Major PAXG Token Accumulation Detected
Blockchain analysis revealed two newly created cryptocurrency addresses that accumulated 985.92 PAXG tokens valued at $5.01 million within a seven-hour window.
Notably, both addresses not only showed synchronized transaction timing but also executed small ETH transfers to similar destination addresses, suggesting potential coordination between the entities.
- Transactions occurred within 8-hour window
- Consistent ETH transfer patterns observed
- No direct connection to known mixing services found
This unusual movement has renewed market interest in gold-backed token activity, with analysts monitoring the addresses' future behavior closely.