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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.