According to data from blockchain monitoring platform Lookonchain, Erik Voorhees, founder of ShapeShift, recently acquired 9,911 ETH worth approximately $20.38 million. This activity has drawn significant attention from the crypto community.
Historical Transactions Review
Notably, Voorhees had previously sold 11,616 ETH at an average price of around $2,922 a year ago, which amounted to approximately $33.94 million at the time. This current buying behavior indicates a notable shift in his market outlook.
- Recent purchase: 9,911 ETH, worth about $20.38 million
- Previous sale: 11,616 ETH, worth about $33.94 million
This move is being interpreted as a positive signal towards the future outlook for Ethereum, reflecting the strategic adjustments made by major investors across different market cycles.