Venice Founder Invests $1.72 Million in XAUT Tokens at $4,842 Average Price

Founder of Venice Makes Strategic XAUT Move

According to data tracked by Lookonchain, Erik Voorhees, founder of Venice, has set up two new wallets and allocated $1.72 million in USDT to acquire 355 XAUT tokens.

Detailed Purchase Insights

The average acquisition cost was approximately $4,842 per XAUT, signaling Voorhees’ confidence in the token’s underlying value. Analysts note that such a large transaction could indicate bullish sentiment for XAUT.

Market Implications

Despite recent crypto market volatility, this strategic purchase suggests a positive outlook toward the future of privacy-focused digital assets.