2026-02-16 19:11:02

After 9 Years of Silence, Erik Voorhees-Related Wallet Executes Large ETH Swap for USD-Equivalent Assets

On-chain analysis platform Lookonchain recently detected a key piece of information: a wallet (address 0x03b5), suspected to be associated with well-known crypto figure Erik Voorhees, has suddenly become active after a 9-year dormant period and has undertaken a significant asset reallocation—exchanging ETH for BCH.

Specifically, over the past two weeks, this wallet completed a large transfer of 4,619 ETH to 24,950 BCH. Based on the exchange rates at the time, this transaction involved approximately $13.42 million worth of ETH. At the current ETH price of $1.97K, these 4,619 ETH are now valued at about $9.1 million.

Notably, the wallet chose to convert ETH into BCH. With BCH priced at $563.97, the 24,950 BCH are currently worth approximately $14.06 million. From an asset allocation perspective, this move reflects the holder’s strategic adjustment across different blockchain ecosystems and may also signal certain market cues or a change in long-term holding plans.

For investors monitoring large on-chain wallet activities, such activity after years of dormancy often carries important market implications.

ETH2,1%

BCH3,43%

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