Erik Voorhees purchased 9,911 ETH using USDC at $2,057, reversing last year’s sale of over 11,000 ETH at higher prices, according to Lookonchain.
ShapeShift founder Erik Voorhees acquired 9,911 Ethereum (ETH) for $20.38 million USD Coin (USDC) at an average price of $2,057, according to blockchain analytics provider Lookonchain. This February 2024 purchase contrasts with his February 2023 sale of 11,616 ETH at $2,922 each, earning about $33.94 million. The transactions illustrate active trading strategies by high-profile crypto entrepreneurs and highlight Ethereum’s price fluctuations over the past year.