ShapeShift founder and Bitcoin pioneer Erik Voorhees is continuing his Ethereum buying spree after restarting purchases following a year-long break.
According to on-chain data tracked by Lookonchain, Voorhees on Sunday spent around $49 million acquiring 23,393 ETH. He still holds over 35 million USDT and is expected to buy more ETH.
The prominent entrepreneur, who also founded Venice AI, reportedly resumed his ETH purchases earlier this year after selling 12,886 ETH at over $3,300 each.
The activity was linked to wallets believed to be controlled by Erik Voorhees and labeled as such by Arkham Intelligence. He has not confirmed that he controls them.
The latest transfers came as ETH surpassed $2,200, representing a 7% increase in the last 24 hours, CoinMarketCap data shows.
The crypto market rallied over the weekend, pushing total market capitalization up about 3% to $2.5 trillion. Bitcoin advanced 2.5% to retake $73,500.
Source: https://cryptobriefing.com/erik-voorhees-ethereum-purchase/
