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Unknown Ethereum whale buys 3,618 ETH with about $7.7 million USDT

Unknown Ethereum whale buys 3,618 ETH with about $7.7 million USDT

According to on-chain analyst Ai Yi, a wallet linked to Erik Voorhees added 2,491.44 ETH for $5.32 million, bringing reported accumulation since March 10 to more than 120,300 ETH.

ETH
USDT

Fact Check
The claim is supported by multiple reports from reputable crypto news outlets (PANews, Odaily) which cite specific on-chain analysts (OnchainLens, EmberCN). The data points (3,618 ETH for $7.7M and 117,800 ETH for $253M) are consistent across sources.
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Summary

On-chain analyst Ai Yi reported that a wallet linked to Erik Voorhees bought 2,491.44 ETH at an average price of $2,134, spending about $5.32 million. Ai Yi said the address has accumulated 120,305.4 ETH worth $259 million since March 10 at an average cost of $2,159.71. Earlier reports from other on-chain trackers showed lower totals or different wallet-cluster figures, indicating that the reported ETH accumulation varies depending on timing, wallet grouping, and source methodology.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, network fees, and smart contract activity.
  • On-chain: Transactions and wallet balances recorded directly on a blockchain, allowing public tracking of activity.
  • USDT: A U.S. dollar-pegged stablecoin commonly used in crypto trading and transfers.