Address Linked to Suspected ShapeShift Founder Buys 50,742.6 ETH for $112M

An address allegedly tied to ShapeShift founder Erik Voorhees purchased 50,742.6 ETH for approximately $112 million at an average price of $2,200 over the past four hours, crypto analyst Ember reports. The entity has accumulated roughly 86,300 ETH across four addresses since March 10, with combined purchases totaling around $185 million at an average entry price of $2,152.