2025-12-24 04:27:10

Recently, the gold market has been in chaos. Spot gold has surpassed $4507 per ounce, and domestic gold stores have followed the trend to pump, with gold prices fully breaking through 1410 yuan per gram, and people have to queue to buy a gold bar. The people in the crypto world and investment circles are all dumbfounded.

Interestingly, there is something that has taken off alongside gold - the gold-backed crypto asset PAXG. The current price is $4513, with a year-to-date rise of 67%, and a 24-hour trading volume reaching $270 million.

Why is this thing so popular? First, let’s clarify what PAXG is. It is not some altcoin, but a digital form of gold asset. 1 PAXG strictly corresponds to 1 ounce of physical gold, directly custodied by the London Bullion Market Association's vaults. When you buy 1 PAXG, you are essentially holding 1 ounce of real gold indirectly. The benefits are obvious: it retains the value-preserving properties of gold while allowing you to trade it like a digital asset at any time, avoiding the hassle of physical storage fees and transaction costs.

Why can PAXG follow the pump? The reason is actually very straightforward. The Spot gold has risen more than 60% this year, and PAXG is strongly tied to the price of gold. For every cent that gold rises, PAXG makes a cent. Additionally, there has been a noticeable influx of funds recently, with a 24-hour trading volume of $270 million and a full turnover rate. Even institutions are quietly increasing their holdings—after all, there's no need to actually carry physical gold around, and you can enjoy the liquidity advantages of crypto assets at the same time.

The crypto world is indeed experiencing significant fluctuations right now, but PAXG is backed by physical gold, which provides relatively more room for risk buffering. This may explain why this type of asset has attracted so much attention recently.

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ShibaMillionairen't

· 1h ago

Damn, this rally is so crazy, even gold can be played out of flowers A true safe-haven asset, unlike some coins that rely solely on hype PAXG is indeed smart, combining the stability of gold with the speed of tokens—perfect combination Wait, institutions are also increasing their holdings? Should I take a serious look? Physical gold custody is the real key; without it, it's just a house of cards Why does it feel like the crypto world is now copying traditional finance assignments? But a 67% increase is indeed top-tier, and 270 million in 24-hour trading volume is no joke Gold is never outdated; crypto is just a different way to show off This time, there are finally some reliable assets, a hundred times better than those meme coins

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Layer2Observer

· 14h ago

Wait a minute, let me check the data... $270 million 24-hour trading volume, this Turnover Rate is indeed ridiculous. By the way, is there any documentation for the custody mechanism of PAXG that can be checked? Can it be verified on-chain? I believe in the queuing of gold bars, but the rise of crypto assets... we need to ponder the real demand behind it or if it's just a capital game. An interesting discovery: gold has strong safe-haven properties, but the leverage actions in the crypto world are just as fierce. Can PAXG really provide "risk buffer"? It's not that PAXG is bad, but how much of this 67% rise is due to the rise in gold itself, and how much is liquidity premium... it needs to be broken down. This thing needs to consistently stabilize and bind to the price of gold, otherwise, it's just a high-leverage disguised gamble. Considering comprehensively, the rise in the price of physical gold itself indicates something, but using leveraged crypto tools to chase... we need to clarify one point: has the risk really dropped?

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Blockchainiac

· 14h ago

Gold is taking off, and PAXG is following suit; this wave indeed has something to it. --- Waiting in line to buy gold bars? You might as well buy PAXG directly on-chain for a more pleasant experience. --- A 67% rise has me wide-eyed; the backing of real gold and silver is still reassuring. --- The detail of institutions quietly increasing their positions shows they know everything. --- With so many custodial fees for physical gold, the liquidity on-chain is indeed appealing. --- I agree that PAXG is not an altcoin, but what in the crypto world isn't speculation? --- $270 million in daily transactions, this turnover rate is indeed off the charts. --- Making a profit of 1 cent for every 1 cent rise in gold sounds easy, but it's really just that. --- Direct custodianship in the London vault, this backing is indeed stronger than pure scamcoins.

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CodeZeroBasis

· 14h ago

Wow, a 67% rise directly To da moon, this wave of gold is really crazy. PAXG is more appealing than hoarding physical gold bars, no need to queue and can sell anytime. While gold is experiencing a big pump, the crypto world is still falling, the gap is incredible. Institutions are quietly increasing the position in PAXG, while we retail investors are still just watching. A coin backed by physical assets, this is something I can play with confidently. With a 24-hour trading volume of 270 million, this heat is really top-notch. Instead of queuing at the gold store, it’s better to just go for PAXG. Are stable assets in the crypto world that scarce? Even gold is being attracted to it. 1 coin corresponds to 1 ounce, feels more transparent than I imagined. So many people are entering a position after such a rise, indicating that the funds haven’t stopped yet.

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RugpullTherapist

· 14h ago

Gold has risen like this, and PAXG is following suit? To be honest, I don't quite understand why institutions are so crazy. Wait, do you really trust that management system? I just want to know when the risk will come. It's ridiculous to queue up to buy gold bars; it's better to go directly for PAXG to save trouble. The surge in spot gold is shocking, so it's not surprising that PAXG is following the trend. Physical gold support sounds reassuring, but the crypto world is still the crypto world, so don't get fooled. Are institutions all increasing their positions? Then I need to think in reverse. With a transaction volume of 270 million, this heat is a bit outrageous; who will take the last baton? I understand the safe-haven property of gold, but can PAXG really replace physical gold? To put it bluntly, it just means good liquidity, but who will bear the risk? A rise of 67%, and it falls quickly too; don't play with fire.

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AirdropSkeptic

· 14h ago

Wow, now even gold is starting to play with tokenization? Is this the ultimate form of Web3? PAXG has risen 67% this year, feels much more stable than Cryptocurrency Trading, but I'm still a bit scared. Physical gold tied to on-chain assets sounds great but can easily go wrong, who can guarantee that the vaults in London haven't been touched? Goodness, institutions are increasing their positions? Do retail investors still have a chance? What's the mindset now, buying gold when it rises, and buying coins when they fall? It feels like everyone is betting on interest rate cuts. No way, I still need to ask if anyone has really held PAXG, is it reliable to be honest?

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GasWastingMaximalist

· 14h ago

Gold has risen to this extent, and PAXG can still follow the trend and rise by 67%. I find this logic a bit hard to accept. The liquidity of real gold indeed cannot compare to on-chain trading, but who will bear the custody risk? Are institutions quietly increasing their positions? Uh... this sounds a bit familiar. Rather than chasing this thing, I would rather see if there are other opportunities for tokenization of physical assets. Now everything needs to be "on-chain" to become popular; the illness of the crypto world has already penetrated to the bone.

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