Eric Voorhees, an early figure in the cryptocurrency sector and founder of Shapeshift, has resumed buying Ethereum ($ETH) after a hiatus of almost a year.
According to on-chain data, Voorhees has made notable moves in the market in recent trading.
According to the data, Voorhees sold 12,886 units $ETH About a year ago, the average price was $3,324, with total sales of about $42.83 million. However, he seems to have started accumulating Ethereum again recently. A total of 17.75 million was spent. $USDT Purchased 8,576 items in the last 5 days $ETH Despite the average price of $2,069, Voorhees’ portfolio still contains approximately $26.77 million $USDTand it is estimated that these funds may be used for further purposes $ETH I plan to purchase it soon.
On the other hand, it is worth noting that Voorhees is actively purchasing not only Ethereum but also tokenized gold. According to on-chain data, the investor invested a total of $23.76 million in tokenized gold assets after about a month of hiatus. Within this range, he purchased 2,834 XAUT (approximately $13.78 million) and 2,019 PAXG (approximately $9.97 million) through 28 new wallets created since January 31st.
Voorhees’ tokenized gold purchases reportedly averaged approximately $4,896 per coin, resulting in an estimated upfront profit of approximately $513,000 based on current prices.
*This is not investment advice.
