According to @lookonchain, Erik Voorhees sold 6,581 ETH for $27.38M at a price of $4,161 on Aug 9, 2025 (source: @lookonchain). According to @lookonchain, Voorhees received 14,945 ETH from ShapeShift nine years ago when ETH traded at $7.74, valued at $115.6K then and $62.68M at current levels (source: @lookonchain). According to @lookonchain data, the 6,581 ETH sold equals roughly 44% of the 14,945 ETH previously received (source: @lookonchain). According to @lookonchain, his prior ETH sale occurred on Dec 6, 2024 (source: @lookonchain). According to @lookonchain, the move realized $27.38M of supply at the $4,161 level, and ETH’s price change from $7.74 to $4,161 represents about a 537x increase over the period (source: @lookonchain).

According to @lookonchain, Erik Voorhees, an early Bitcoin evangelist and founder of ShapeShift, sold 6,581 ETH at $4,161 on Aug 9, 2025, totaling $27.38M based on on-chain data; source: Lookonchain on X, Aug 9, 2025. @lookonchain adds that nine years ago he received 14,945 ETH from ShapeShift when ETH was $7.74, valued at $115.6K then and about $62.68M now; source: Lookonchain on X, Aug 9, 2025. His previous ETH sale was on Dec 6, 2024; source: Lookonchain on X, Aug 9, 2025.

According to Erik Voorhees, a significant token burn and buyback strategy has been implemented, reclaiming 1/3 of the total supply and burning it, along with buying back and burning the 1% sold at launch. This move is aimed at reducing supply and potentially increasing token value. Source: Erik Voorhees' tweet and The Block article.

According to Erik Voorhees, builders in the crypto sector, who have been hesitant due to regulatory scrutiny likened to 'Sauron's Eye,' may find the current environment more accommodating for new ventures. Voorhees implies that the regulatory atmosphere has become less intimidating, encouraging innovators to pursue their projects. This could signal a potential increase in project launches and capital allocation in the cryptocurrency market, affecting trading volumes and investor interest (source: Erik Voorhees).