Gold, Silver, Copper Prices Crash: Blockchain Tokenized Metals Like PAXG, SLV Suffer $120M Liquidation

A sharp sell-off in physical commodity markets triggered a massive wave of liquidations in blockchain-based tokenized metals. The price plunge for gold (XAU), silver (XAG), and copper saw related digital assets, such as Pax Gold (PAXG) and tokenized silver products, experience a collective rout exceeding $120 million. This event highlights the direct correlation and inherent volatility risks when traditional asset prices are mirrored on the blockchain. Analysts point to shifting macroeconomic indicators and stronger-than-expected U.S. economic data as key drivers behind the metals slump, which rapidly cascaded into the crypto sector. The liquidation event serves as a stark reminder of the leverage and interconnected risks present in decentralized finance (DeFi) and tokenized asset platforms.