Paxos Labs launches PAXGy token backed by PAX Gold
PAX Gold (PAXG)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Paxos Labs has launched PAXGy, a token built on PAX Gold. The token is designed to increase the amount of PAXG a holder can redeem as its reserves earn returns from gold leasing, according to a launch announcement shared by Paxos Labs.
How the market reacted
Whalio's own Binance spot order flow for PAXG, measured when this story was written up on 24 September 2026. Not the outlet's figures.
PAXG is trading at $4,288.04 with a 1-hour buy ratio of 57.1% and a 4-hour buy ratio of 64.2%, compared to a 24-hour buy ratio of 52.0%. This indicates that buying pressure is building in the short term relative to the daily average. The volume delta shows net buying of +$81,625 in the last hour and +$870,300 over four hours, while the 24-hour volume delta stands at +$992,676. The Cumulative Volume Delta (CVD) for the 24-hour close is +$5,186,325, with net buying occurring in 20 of the last 24 hours.
The latest daily buy ratio of 49.5% sits at the 60th percentile of the last 322 days, against a median of 48.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PAXG, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 52.2%, making the latest day's ratio only 0.2 points lower than the average. Spot volume was 1.30x the average, with a total volume delta of +$8,066,571 over eight days. Net buying occurred on 5 of the 7 days, and the price changed by +0.3% over the period. This represents an ordinary day for the coin, with the buy ratio remaining close to the weekly average despite elevated volume.