According to Lookonchain, Erik Voorhees, founder of ShapeShift and an early Bitcoin supporter, created 28 new wallets starting January 31, spending $23.76 million via the Cow Protocol to purchase 2,834 XAUT ($13.78 million) and 2,019 PAXG ($9.97 million) at an average price of $4,896, realizing a profit of $513,000.
Erik Voorhees purchases 2,834 XAUT and 2,019 PAXG at an average price of $4,896
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Summary
Erik Voorhees purchased 2,834 XAUT and 2,019 PAXG at an average price of $4,896, as Bitcoin’s price showed mixed sentiment today. The $23.76 million purchase, executed via Cow Protocol on January 31, 2026, used 28 new wallets. The XAUT and PAXG positions are currently up $513,000. This move occurs as the Fear & Greed Index remains in neutral territory, reflecting cautious market behavior.
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