Large PAXG Movement Signals Internal Supply Activity

Blockchain trackers flagged a notable on-chain event involving PAXG. Data shared by ChainCatcher citing insights from Arkham shows that 3,227.41 PAXG was transferred from a null address to Paxos around 02:09.

Transfers from a null address typically indicate the token minting or the internal supply adjustments rather than a market sale. Since PAXG is backed by the physical gold such movements are often linked to issuance, redemption or the operational rebalancing. While the transaction may look large on-chain, it does not automatically suggest selling pressure or the market instability.