Crypto Pioneer Makes Major Ethereum Move
Blockchain monitoring platform Lookonchain has revealed that Bitcoin veteran and former crypto exchange founder Erik Voorhees recently executed a significant Ethereum purchase.
The transaction, dated February 23, saw Voorhees acquiring 9,911 ETH at an average price of $2,057 per ETH, totaling $20.38 million in investment.
Past Profits vs Current Conviction
Notably, this seasoned crypto investor had previously sold substantial ETH holdings exactly one year earlier, offloading 11,616 ETH at an average price of $2,922 - a strategic move that netted him $33.94 million.
This contrarian positioning demonstrates both market timing awareness and continued confidence in Ethereum's long-term value proposition.
- Current Purchase: 9,911 ETH @ $2,057 = $20.38M
- Prior Sale: 11,616 ETH @ $2,922 = $33.94M
Industry Insight: Veteran Investment Strategy
As one of cryptocurrency's earliest advocates, Voorhees' wallet activity provides valuable market sentiment signals. This latest ETH accumulation highlights his evolving portfolio strategy while maintaining exposure to major blockchain ecosystems.