On March 1, Onchain Lens detected a dormant wallet, inactive for seven months, withdrawing 384 PAXG tokens worth $2.07 million from Binance, sparking interest in the movement of tokenized gold assets.
On March 1, 2025, Onchain Lens reported the withdrawal of 384 PAXG tokens, valued at $2.07 million, from Binance by a dormant wallet that had been inactive for seven months. This on-chain movement of tokenized gold raises speculation about potential institutional or whale activity, given its size and the role of PAXG as a digital asset backed by physical gold.