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More $ETH slowly Rotates Into $BCH .
Erik Voorhees -- founder of and one of the earliest philosophical voices in crypto, has made another decisive on-chain move.
A few hours ago, his wallet sent 1,635 ETH, worth roughly $4.81 million, into THORChain, setting up another swap from ETH into #BCH .
This wasn’t a first move. It was a continuation just after a week.
With this latest deposit, he signals once again that this isn’t about short-term price action, it’s about positioning.
Even after this transfer, his Ethereum exposure remains substantial. The same wallet still holds 4,004 ETH, valued at approximately $11.7 million at current prices. In other words, this isn’t an exit, it’s a rebalance.
The choice of THORChain matters too. Cross-chain swaps without intermediaries align perfectly with the principles Voorhees has defended for over a decade: sovereignty, permissionlessness, and optionality.
ETH flowing out. BCH flowing in.
Ethereum address:
0x03b51Bf1E67F976107cE9446f5694Ca1685E6c5A
THORChain address:
0x00f00BEeC59081F34eefeb5643823e5cFecF4832