•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
A crypto whale wallet identified by onchain analysts as linked to Erik Voorhees has added another 2,920 ETH, spending $6.67 million on the purchase, according to Lookonchain. The new buy increases a position that had already accumulated more than $266 million worth of ether.
Lookonchain reported that the wallet linked to Voorhees bought 2,920 ETH for $6.67 million on May 8, 2026, at an average price of $2,284 per token.
Before the latest transaction, the same wallet had accumulated 123,184 ETH, valued at approximately $266 million at the time of those earlier purchases. With the new addition, the wallet’s total ETH holding now exceeds 126,000 units.
The purchase comes alongside other major ETH transfers over the prior 48 hours, which Lookonchain characterized as continued whale selling pressure. In the same day’s activity, a separate wallet offloaded $20 million in ETH to Binance.
The mixed activity—one large holder buying while another appears to sell—highlights what the report describes as fractured sentiment around ether.
Ether has also underperformed relative to bitcoin through 2026. ETH is currently trading at roughly $2,284, compared with its all-time high of $4,878 set in November 2021.
The report notes that the Voorhees-linked wallet has deployed stablecoin reserves for purchases, using USDT rather than fiat. That approach is presented as a way to maintain crypto-native exposure while managing entry price during periods of softness.
Neither Erik Voorhees nor Shapeshift had publicly commented on the wallet’s activity at press time.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
