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Erik Voorhees Resumes Major Ethereum Buying With $49 Million Spent Via Two Wallets

On-chain labels tie the trades to the ShapeShift founder without direct confirmation.

Overview

  • Trackers report purchases of 23,393 ETH funded by 49.08 million USDT at an average price near $2,098.
  • The activity is attributed to two wallets tagged by Arkham Intelligence with lower-confidence labels linking them to Voorhees.
  • Wallet data shows roughly $35 million in remaining USDT, leaving capacity for additional accumulation.
  • The buys follow reports that Voorhees sold 12,886 ETH about a year ago at roughly $3,324 each.
  • The transactions surfaced as Ethereum climbed past $2,200 alongside a broader weekend crypto market rise.