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Suspected ShapeShift Founder Buys 50,742.6 ETH Worth $112 Million in 4 Hours

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A suspected ShapeShift founder, Erik Voorhees, purchased 50,742.6 ETH over four hours, valued at $112 million at $2,200 per ETH. Since March 10, four addresses linked to him have accumulated 86,300 ETH, totaling $185 million at an average price of $2,152. This move aligns with a value investing strategy in crypto, offering a strong risk-to-reward profile for long-term holders.

Odaily Planet Daily reports, according to crypto analyst Ember@EmberCN, an address suspected to belong to ShapeShift founder Erik Voorhees purchased another 50,742.6 ETH over the past four hours, with a transaction value of approximately $112 million at an average price of around $2,200.

Since March 10, the entity has reportedly purchased approximately 86,300 ETH across four addresses, totaling around $185 million at an average price of $2,152.

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