Onchain trackers say ShapeShift's Erik Voorhees bought 24,968 ETH worth $56.5M

On Sunday, onchain analysts said former ShapeShift CEO Erik Voorhees swapped 49.08 million USDT for 23,393 ETH via two wallets, later lifting the combined total to 24,968 ETH valued at about $56.5 million. The day before, he was also reported to have bought tokenized gold assets XAUT and PAXG worth $23.7 million. ETH was trading around $2,265, up 7.15% over the past 24 hours.