PAXG Token Sees 2.66% Price Drop as Trading Volume Surges 141% Amid Gold Sector Growth

PAXGUSDT experienced a 2.66% price decline over the past 24 hours, with the current price at $4,715.31 (24h open: $4,844.31), primarily attributed to short-term bearish momentum following a recent rally to new all-time highs and cooling demand after substantial inflows and increased institutional interest earlier in January. Elevated volatility and trading activity, including a 141.10% surge in 24-hour volume, reflect broad market engagement, while the asset’s value remains strongly linked to physical gold and ongoing adoption in the tokenized gold sector. Market capitalization is approximately $2.04 billion, with notable price discrepancies and high liquidity across major platforms.