Suspected Erik Voorhees-associated address purchased another 17,084 ETH within nearly 4 hours, costing approximately $36.71 million

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Deep Tide TechFlow News, March 20 — According to on-chain analyst Ai Yi (@ai_9684xtpa), ShapeShift founder Erik Voorhees’ associated address (0x71D…8B9B8) has bought an additional 17,084 ETH at an average price of $2,148.8 within the past 4 hours, costing approximately $36.71 million. Since March 10, this address’s total holdings have increased to 103,389 ETH, with a total value of about $222 million, and an average acquisition cost of $2,164.72. Notably, Erik Voorhees denied ownership of this address on March 17, but the source of funds still shows a connection, and it is also possible that it belongs to an institution or whale that has interacted with him.

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