Wallets Linked to Erik Voorhees Buy 48,647 Ether in Four Days

Wallets linked to ShapeShift founder Erik Voorhees accumulated 48,647 Ether (ETH) over four days for about $97 million, marking a concentrated period of buying. The purchases averaged roughly $1,994 per ETH.

Several wallets associated with Voorhees were involved, with the ETH total combining their activity across four days. At about $97 million for 48,647 ETH, the purchases averaged roughly $1,994 per ETH.

The same wallets also retained about $78.68 million in stablecoins. The stablecoin balance was about 81% of the approximately $97 million spent on ETH. The wallets may continue buying, given the stablecoins still held.

The figures describe activity across the linked wallets: the ETH amount reflects purchases during the four-day period, while the stablecoin amount is the balance remaining.