Odaily Planet Daily reports, according to Lookonchain monitoring, early Bitcoin supporter and ShapeShift founder Erik Voorhees has resumed purchasing gold-related tokens after a pause of approximately one month. Since January 31, he has created 28 new wallets, spending a total of approximately $23.76 million to acquire 2,834 XAUT (worth ~$13.78 million) and 2,019 PAXG (worth ~$9.97 million), at an average purchase price of around $4,896. His current unrealized profit is approximately $513,000.
ShapeShift Founder Reinvests in Tokenized Gold, Total Investment Reaches $23.76M
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Summary
ShapeShift founder Erik Voorhees has resumed purchasing tokenized gold, with altcoins to watch including XAUT and PAXG. Since January 31, he created 28 new wallets and spent $23.76 million to acquire 2,834 XAUT and 2,019 PAXG at an average price of $4,896. His current paper profit stands at $513,000. This move occurs amid a mixed Fear & Greed Index, signaling renewed interest in tangible assets.
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