Suspected ShapeShift Founder Buys Approximately 50,700 ETH in the Past 4 Hours, Transaction Value Around $112 Million

According to monitoring by crypto analyst EmberCN, an address suspected to belong to ShapeShift founder Erik Voorhees purchased an additional 50,742.6 ETH in the past 4 hours, with a transaction value of approximately $112 million and an average price of around $2,200.

Since March 10, this entity is suspected to have cumulatively purchased about 86,300 ETH through 4 addresses, with a total transaction value of around $185 million and an average price of approximately $2,152.