2026-01-23 09:22:47

Recently, things have been a bit strange——gold prices are hitting new highs repeatedly, on-chain gold token trading activity is also soaring, but the related discussion heat is far below expectations. 🤔

According to Hyperinsight's monitoring data on January 23, the performance of the gold token PAXG on the Hyperliquid platform is quite remarkable. In the past 24 hours, the contract trading volume reached $17.05 million. How impressive is this? It ranks ninth on the platform leaderboard, surpassing well-known tokens like FARTCOIN, AAVE, and BNB. The holdings have also surged, reaching $71.99 million, demonstrating strong participation from funds.

Even more interesting is that the current funding rate is reported at -0.0023%, indicating that market sentiment remains relatively rational, with no extreme long or short crowding.

Here's the interesting contrast—such high trading volume and deep holdings, yet the discussion volume is quite moderate? Maybe this is the market's normal state; some trading opportunities always quietly happen in unnoticed places.

PAXG1,56%

FARTCOIN1,31%

AAVE1,08%

BNB1,62%

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DeepRabbitHole

· 8h ago

PAXG is so powerful, no wonder I feel like few people are talking about it; it turns out that institutions are quietly accumulating it --- With such a high trading volume and negative fees, it's obvious that big funds are testing the waters --- The low popularity of gold tokens is actually an opportunity; once public opinion shifts, it will be too late --- Ninth place surpassing AAVE? This data needs to be verified by someone; it feels a bit off --- What does a negative fee rate indicate? Short selling is favored; this detail is quite interesting --- I think the low discussion volume is normal; those who make money are always silent --- PAXG holdings reach 70 million; does no one really pay attention? Or am I too out of the loop --- The on-chain gold concept has been buried; it might just stay like this --- Funds are secretly moving, but public opinion remains unaware; this is true information asymmetry --- Why is trading so high but discussion so low? Are they all just bots doing fake orders

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SolidityNewbie

· 8h ago

Gold tokens are popular, but discussions have cooled down. That's right—true opportunities are often made quietly, and the more noisy something is, the more dangerous it tends to be.

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BlockchainArchaeologist

· 8h ago

Wow, PAXG is so strong? It's almost surpassing BNB. Why is no one talking about it in the group? Gold is real, retail investors are still bottom-fishing in air coins, while institutions are quietly stacking on the chain. Funding rates are still negative, indicating no FOMO. This might be the most comfortable market, where you can make money without hype or shouting.

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MetaverseHermit

· 8h ago

Wow, PAXG has reached ninth place? Those who were sleeping really missed out on this wave.

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LiquidityNinja

· 8h ago

Gold tokens are very low-key this time. They're ranked ninth in trading volume, and no one is bragging? It shows that the real opportunities are in the hands of those who don't like copying others.

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OfflineValidator

· 8h ago

Gold has gone mainstream, I really didn't expect PAXG to be so fierce. Surpassing BNB is truly exceptional.

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SybilAttackVictim

· 8h ago

Wow, PAXG is so fierce? Its ranking even surpasses BNB, nobody noticed this?

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