Summary
- ShapeShift founder Erik Voorhees said he bought ETH with all of his USDT holdings.
- The wallet holds about 117,814 ETH, worth roughly $251.60 million.
- The market said analysts believe a large-scale position shift by a key figure could affect future ETH supply and demand and investor sentiment.
Forecast Trend Report by Period
A prominent figure in the virtual asset (cryptocurrency) industry has made a large-scale bet on Ethereum (ETH).
According to Onchain Lens on the 20th (local time), ShapeShift founder Erik Voorhees used all of his USDT holdings to buy ETH.
The wallet currently holds about 117,814 ETH, worth roughly $251.60 million.
The market is analyzing that such a large-scale position shift by a key figure could affect future ETH supply and demand as well as investor sentiment.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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