$PAXG PAX Gold has entered a period of extreme volatility, following the broader "Gold Rush of 2025" and a subsequent massive market correction in late January.
Because each PAXG token is backed 1:1 by one fine troy ounce of a London Good Delivery gold bar, its analysis is essentially a breakdown of the global gold market mirrored on the blockchain.
📊 PAXG Market Snapshot
After hitting a historic record of $5,619 just last week, PAXG is currently stabilizing after a sharp "whipsaw" liquidation.
Metric Current Data (Feb 3, 2026)
Current Price $4,937.80
24h Change +3.88% (Rebound)
Market Cap $2.22 Billion
Circulating Supply 449,430 PAXG
Weekly High/Low $5,629 / $4,403
Analysis: The 2026 Gold Rollercoaster
1. The "Warsh Dip" & Recovery:
The market saw a massive sell-off yesterday (Monday) down to $4,403 as investors reacted to potential "higher-for-longer" interest rate signals. However, today's 4% bounce indicates that "dip buyers" and central banks are still using PAXG as a primary hedge against inflation and geopolitical uncertainty.
2. Institutional Adoption:
In January 2026, PAXG hit a major milestone, surpassing a $2B market cap for the first time. Whale accumulation is at an all-time high, with blockchain data showing single entities moving over $5.9M into PAXG during the recent price drop.
3. Technical Support & Resistance:
Immediate Support: $4,800. If this holds, it confirms the recent crash was a "healthy correction."
Major Resistance: $5,340. The market needs to reclaim this level to re-test the recent $5,600 ATH.
2026 Forecast: Banks like Goldman Sachs and J.P. Morgan have recently upgraded their targets to $6,000+ by year-end, citing continued central bank diversification away from the USD.