$8.5M
➔
Null Address
Supply reduced, potential scarcity tailwind. $8.5M PAXG moved from Paxos 8 to Null Address on Ethereum. A PAXG burn reduces circulating supply and strengthens scarcity, supply-shock, and tokenomics narratives. Market impact depends on whether burns are structural, treasury-led, and paired with sustained spot demand plus lower exchange reserves. High priority whale transactions capital flow: useful for immediate risk monitoring.