A new address has performed a cross-chain purchase of 5,424 ETH to increase its gold reserves, having already purchased 311 PAXG.

BlockBeats News, February 13, according to lookonchain monitoring, a newly created wallet address 0x5356 transferred in 5,424 ETH via NEAR Intents for the purchase of a gold-backed token.

As of now, the address has spent 800 ETH (approximately $1.57 million) to acquire 311 PAXG.