Behind the Surge of On-Chain Gold PAXG: Whales Have Profited Exponentially, These Addresses Have Over 50% Unrealized Gains

DAOplomacy · 2026-01-20T09:20:12+00:00

Recently, gold prices have continued to rise, breaking through $4700, and on-chain gold PAXG has also increased accordingly. Two major whale investors each used high leverage to bet on PAXG, and both have now gained significant profits, demonstrating their precise prediction and operational ability in the gold market.

DAOplomacy

2026-01-20 09:20:12

Abstract generation in progress

【BlockBeats】This wave of gold price rally is really hot. Recently, gold prices have hit new highs continuously. After breaking through $4700, on-chain gold PAXG also started to heat up. Interestingly, several whales who had laid out early are now taking profits.

I saw one whale’s move was quite impressive—on January 2nd, they followed up with a long position on PAXG, using 5x leverage, with a cost basis of $4415, and committed $7.12 million at once. Currently, they have an unrealized profit of $500,000, and the return on investment has jumped to 27%. This guy has now become the largest long position on on-chain PAXG.

Another whale, “0x271,” is even more aggressive. After following up on January 5th, they directly increased to 10x leverage, simultaneously long on PAXG and GOLD, two gold-related contracts. Currently, the combined position size is $4.7 million, with an unrealized profit of over $280,000, and a return of 50%. This operation clearly shows strong confidence that gold will continue to rise.

From these whales’ holdings, their prediction of this gold rally is indeed accurate. Being able to hold such large leveraged positions and maintain stable profits indicates that the traders behind these addresses have a very precise grasp of the market rhythm.

PAXG1,62%

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WhaleWatcher

· 2h ago

The whale made a huge profit while we're still here watching, the gap is really incredible.

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SignatureVerifier

· 2h ago

ngl, whale positioning with that kinda leverage on tokenized gold? insufficient validation on whether those address labels are even correct tbh... ever actually traced back to confirm the on-chain transactions yourself or just trust what some dashboard tells you

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ImpermanentSage

· 2h ago

The whale wins big again, and we're retail investors still debating whether to get on board or not.

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TokenStorm

· 2h ago

The whale is once again making a killing at the forefront of the trend. On-chain data is crystal clear, and us retail investors are still hesitating whether to jump in or not.

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CommunityWorker

· 2h ago

Oh no, it's the same story of these big players making a fortune while we retail investors can only watch and drool.

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