Wu Shuo learned that according to analyst Yu Jin's monitoring, a certain whale/institutional address has been continuously conducting "dollar-cost averaging" style ETH purchases since March 10. The latest on-chain data shows that the entity purchased 14,424 ETH through a new wallet this morning by spending 30.72 million USDT. As of now, the mysterious whale has accumulated purchases totaling 117,800 ETH across 6 different wallet addresses on-chain, spending approximately 253 million USDT in total, with a comprehensive average purchase price of approximately 2149 USD. This group of position-building addresses was previously marked by some platforms as belonging to ShapeShift founder Erik Voorhees, but was subsequently publicly and explicitly denied by him.

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