🚨 PAXG: Whales swap $18.8M in ETH for Gold! 🐋
Today, 17/02, the on-chain confirmed the largest capital rotation of the year: a new whale dumped 9,156 ETH to secure $18.87 million in PAXG at an average of $5,053. With the tokenized gold sector hitting $6 billion, support at $5,000 has become the new institutional defense line. 🛡️
The selling pressure from large players was absorbed and the volume of 86k tokens prepares the ground for breaking through $5,125. If your order is at $5,015, you are at the "whale price". The target of $5,500 is the technical destination of the next Short Squeeze.
Verdict: The physical backing is king. Where are you protecting your capital? 🚀
#PAXG #WhaleAlert
$PAXG
Today, 17/02, the on-chain confirmed the largest capital rotation of the year: a new whale dumped 9,156 ETH to secure $18.87 million in PAXG at an average of $5,053. With the tokenized gold sector hitting $6 billion, support at $5,000 has become the new institutional defense line. 🛡️
The selling pressure from large players was absorbed and the volume of 86k tokens prepares the ground for breaking through $5,125. If your order is at $5,015, you are at the "whale price". The target of $5,500 is the technical destination of the next Short Squeeze.
Verdict: The physical backing is king. Where are you protecting your capital? 🚀
#PAXG #WhaleAlert
$PAXG