According to on-chain analyst Ember (@EmberCN), an address suspected to belong to ShapeShift founder Erik Voorhees (@ErikVoorhees) purchased an additional 50,742.6 ETH at an average price of $2,200 over the past four hours, totaling approximately $111.6 million USDT. Since March 10, this address has accumulated a total of 86,300 ETH across four wallets, with a total expenditure of around $185 million and an average purchase price of approximately $2,152.
ShapeShift founder's address purchases 50,742.6 ETH at an average price of $2,200
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Summary
An address reportedly linked to ShapeShift founder Erik Voorhees purchased 50,742.6 ETH in the last four hours at an average ETH price of $2,200, totaling $111.6 million USDT. Since March 10, the address has accumulated 86,300 ETH across four wallets, spending approximately $185 million at an average price of $2,152. This activity contributes to ongoing analysis of major holder behavior and ETH price support levels.
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