Whale Sells Over 2,500 PAXG in Three Weeks, Cashes Out Over $12 Million

Whale's PAXG Sell-Off Sparks Market Interest

According to Onchain Lens monitoring, the whale address 'samurai.eth' sold 601 PAXG within 24 hours on February 14, generating 3 million USDT and 2.28 ETH worth around $4,680.

Over $12 Million Cash-Out in Three Weeks

In the past three weeks, this address has sold a total of 2,503 PAXG, valued at approximately $12.89 million. The average selling price stood at $5,150 per token, indicating stability in the PAXG market recently.

What Does This Mean for PAXG?

As a gold-backed digital asset, whether this large-scale sell-off will impact the PAXG market remains to be seen.