BlockBeats reports that, on November 14, according to Lookonchain monitoring, early Bitcoin supporter and ShapeShift founder Erik Voorhees may have bought the dip in Ethereum. Several wallets associated with Erik Voorhees spent $97 million over the past four days to buy 48,647 ETH at an average price of $1,994.

These wallets still hold $78.68 million in stablecoins and may continue buying.