Erik Voorhees continues to quietly DCA $ETH despite the market correction

The founder of ShapeShift – Erik Voorhees – continues to demonstrate strong confidence in Ethereum by maintaining his DCA strategy even during this price decline.

In the last 2 days, he has raised approximately 6.3 million USDT to buy an additional 2,972 ETH at an average price of around $2,125.

Since the time he resumed accumulating, the total amount of ETH that Voorhees has purchased has reached approximately 120,768 ETH (~$251 million), with an average cost basis of around $2,156. With the current price movements, this position is temporarily at a loss.

Notably, on-chain data shows that the buying activity has not stopped — even the most recent transaction recorded was just a few minutes ago, indicating that the accumulation process is still ongoing.

Earlier, many sources also confirmed that he has been continuously accumulating on a large scale, at times buying tens of thousands of ETH in a short period and raising the total position to hundreds of millions of USD.

→ Insight:

Although the market is still volatile, Voorhees's actions reflect a long-term perspective:

• Whales do not care about short-term fluctuations

• Focused on accumulating around the price range of ~$2,000–$2,200

• Confidence in the next cycle of Ethereum remains very clear