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On-chain data shows that ShapeShift founder Erik Voorhees has recently made a major move again. He deposited 1,635 ETH into the THORChain protocol, with this asset valued at approximately $4.81 million, aiming to exchange it for BCH.
This is not Voorhees' first large on-chain transaction. As the founder of a well-known self-custody wallet and DEX aggregator platform, his trading activities have always been closely watched by market observers. This time, choosing to perform cross-chain swaps via THORChain reflects the application scenarios of such decentralized cross-chain protocols in large transactions.
In terms of transaction size, a single swap operation worth nearly $5 million is enough to attract attention in the Web3 world. The choice of ETH to BCH is also quite interesting—exchanging between these major tokens often indicates participants' reallocation considerations among different assets.