TechFlow reports that, on March 20, blockchain analyst Ai Aunt (@ai_9684xtpa) observed that Erik Voorhees, founder of ShapeShift, purchased 17,084 ETH at an average price of $2,148.80 via the associated address (0x71D…8B9B8) within the past four hours, spending approximately $36.71 million. Since March 10, the cumulative holdings at this address have increased to 103,389 ETH—valued at roughly $222 million—with an average entry cost of $2,164.72 per ETH. Notably, on March 17, Erik Voorhees denied ownership of this address; however, given the fund sources, a connection remains plausible—potentially indicating association with institutions or large whales that have previously interacted with him.
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