$PAXG Gold (PAXG), the gold-backed cryptocurrency, hit a fresh all-time high on December 23, 2025, trading at 4517.32 USDT according to Binance market data. This marks a 2.04% increase over the past 24 hours, reflecting strong investor demand for tokenized gold amid volatile markets.
Market Performance
Current price stands around $4505 USD, up from recent opens near $4482, with a daily high of $4528.83. Year-to-date, $PAXG has climbed significantly from lows of $2608, driven by gold's appeal as a hedge.
Why the Surge?
Rising gold prices and geopolitical tensions boost tokenized assets like PAXG, offering crypto-native exposure to physical gold stored in vaults. Trading volume hit $282 million recently, signaling heightened activity.
