Erik Voorhees Deploys $49 Million to Buy Nearly 24,000 ETH After One-Year Pause
Early Bitcoin advocate and ShapeShift founder Erik Voorhees has resumed aggressive Ethereum accumulation after a one-year break, reportedly spending $49 million in USDT via CoW Protocol for nearly 24,000 ETH at an average of $2,098. Other large investors and trading firms have also shifted significant capital into Ethereum, helping push the price up 7.6% in 24 hours to about $2,270.