✍️ TL;DR: PAXG sees record wallet activity and profit taking 📊 Metrics Used: Active Addresses, Network Realized P/L 🔗 Link to chart: https://app.santiment.net/charts/paxg-active-addresses-nrpl-31902?utm_source=x&utm_medium=post&utm_campaign=paxg_nrpl_b_070626&aff=3 🥇 PAX Gold just flashed a major on-chain anomaly, with active addresses hitting an all-time high while realized profits jumped to a 5-month high. The likely driver is simple: gold has been moving sharply again, and tokenized gold is getting more attention as traders look for safer, more liquid ways to park capital on-chain. PAXG’s appeal is that each token is tied to physical gold, giving crypto users gold exposure without leaving the digital asset ecosystem. 🤑 The profit-taking spike suggests many holders used the recent gold strength to lock in gains, which can create short-term pressure on PAXG’s price. But the all-time high in active addresses tells a more constructive story beneath the surface: more wallets are engaging with tokenized gold right as macro uncertainty and rate expectations keep traders defensive. If gold stays firm, PAXG may remain one of the more actively watched “safer” crypto plays, even if near-term pullbacks happen along the way.(Santiment Intelligence)