Blockchain analytics show Erik Voorhees acquired 355 Tether Gold tokens worth $1.72 million USDT on February 1 using newly created wallets, reflecting continued interest in commodity-backed digital assets.
On February 1, 2025, Venice.ai founder Erik Voorhees purchased 355 XAUT (Tether Gold tokens) for 1.72 million USDT, averaging $4,842 per token. Blockchain tracker Lookonchain reported the acquisition, noting Voorhees created two new wallets for the transaction. The move underscores the appeal of gold-backed cryptocurrency among prominent industry figures.