Net tokenized gold deposits to CEX hit $64,000,000 in 7 days
Gold is down 23% from its ATH after losing 14% of its value in one week. CEX flow data suggest a piling-on sell pressure on the asset, considering tokenized gold deposits and withdrawals to centralized exchanges.
In the past 7 days, $326 million $XAUT were sent to centralized exchanges, against $282 million withdrawn to non-exchange wallets. Conversely, $241 million $PAXG was deposited to CEXes in the same time frame against $221 million withdrawn.
Both assets closely correlate with the traditional gold market and reflect broader trader behavior.


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