Erik Voorhees, an early figure in the cryptocurrency sector and the founder of ShapeShift, has resumed buying Ethereum ($ETH) after a break of almost a year.
According to on-chain data, Voorhees has made noteworthy moves in the market with its recent transactions.
According to the data, Voorhees sold 12,886 $ETH approximately a year ago at an average price of $3,324, generating a total of approximately $42.83 million in sales. However, he appears to have recently started accumulating Ethereum again. Having spent a total of 17.75 million $USDT in the last five days to buy 8,576 $ETH at an average price of $2,069, Voorhees’ portfolio still contains approximately 26.77 million $USDT, and it is estimated that these funds may be used for further $ETH purchases in the coming days.
On the other hand, it is noteworthy that Voorhees is making aggressive purchases not only in Ethereum but also in tokenized gold. According to on-chain data, the investor invested a total of $23.76 million in tokenized gold assets after a break of approximately one month. Within this scope, he purchased 2,834 XAUT (approximately $13.78 million) and 2,019 PAXG (approximately $9.97 million) through 28 new wallets he created since January 31st.
Voorhees’ tokenized gold purchases reportedly averaged around $4,896 per coin, resulting in an estimated upfront profit of approximately $513,000 based on current prices.
*This is not investment advice.
