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New Wallet Swaps $18.8 Million in ETH for PAXG – Onchain Lens

A newly created address converted over 9,000 ETH into gold-backed PAXG tokens over a two-day period.

ETH
PAXG

Summary

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Terms & Concepts
  • PAXG (Paxos Gold): A digital asset where each token is backed by one fine troy ounce of a 400 oz London Good Delivery Gold bar, stored in professional vaults.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, often used for transactions and smart contract execution.