🚨 WHALE FINDS HIDING PLACE: DUMP NEAR 19 MILLION USD ETH TO COLLECT GOLD NUMBER $PAXG AT PRICE $5,000/OUNCE

In the context of macroeconomic volatility, a brand new wallet address has just made a classic portfolio pivot: Switching from high-risk assets to safe-haven assets.

🔷 According to tracking data on Onchain:

- A newly created cryptocurrency wallet has performed a massive swap of 9,156.45 $ETH .

- The total value of ETH sold amounts to 18.87 million USD.

- The destination of this cash flow is not the usual stablecoin, but 3,734.19 PAXG.

- The swap transaction was executed when the price of PAXG was at $5,053 / token.

🔶 The movements of this whale wallet imply some important insights for the market:

- The dumping of tens of millions of dollars in ETH to buy gold indicates that this investor is looking to preserve capital and is concerned about a decline in the Crypto market in the short or medium term. Choosing Gold over USD may be due to concerns about inflation or the depreciation of fiat currency.

- Using a brand new wallet to execute large transactions is a common practice among Sharks or OTC to erase traces of old cash flows, avoiding being tracked by the community in their next moves.

- The willingness of the whale to buy PAXG at a price of $5,053 demonstrates their strong belief that Gold will continue to hold its value or grow in the current macroeconomic context.

This article is for reference only and is not investment advice. Please read and consider carefully before making any decisions.