ChainThink reports that, on March 15, according to Lookonchain monitoring, Erik Voorhees, founder of ShapeShift and an early Bitcoin supporter, created 28 new wallets since January 31. Through the Cow Protocol, he spent $23.76 million to purchase 2,834 XAUT ($13.78 million) and 2,019 PAXG ($9.97 million), at an average price of $4,896, currently realizing a profit of $513,000.
Erik Voorhees Adds $23.76M to Gold Token Positions, Average Price $4,896
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Summary
On March 15, 2026, Erik Voorhees added $23.76 million to his gold token positions using 28 new wallets on Cow Protocol, purchasing 2,834 XAUT ($13.78 million) and 2,019 PAXG ($9.97 million) at an average price of $4,896. This move follows recent crypto market trends indicating strong demand for physically backed assets. A Bitcoin pioneer, Voorhees now holds a $513,000 profit. The transaction underscores renewed interest in newly listed tokens tied to traditional assets.
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