Wallets Linked to Erik Voorhees Spend $97M on 48,647 ETH in Four Days

The signal here is less the size of the position than the pace and the disclosed dry powder: roughly $78.7 million in stablecoins left in the same wallets turns a one-off purchase into a possible buying program, and the market now has a visible, identifiable bid to watch. Concentration matters too — this is founder-linked capital rather than a fund vehicle, so the wallets' behavior is legible to anyone tracking on-chain flows. Whether the remaining stablecoins are deployed, and whether other large holders read the same signal, is the open question.