Multiple Overseas Crypto Whales Accumulate ETH, Ethereum Finally Sees Long-Awaited Bounce

MarsBitNews · 2026-03-16T06:24:38+00:00

Ethereum saw a strong rebound of nearly 8% on March 16, now trading at $2,260.49. Multiple overseas whales have been accumulating spot positions, with ShapeShift founder Erik Voorhees purchasing 21,293 ETH at an average price of $2,091 over 6 days. Several other whales and anonymous addresses have quietly increased their ETH holdings, signaling active market activity.

MarsBitNews

2026-03-16 06:24:38

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Mars Finance News: On March 16, Ethereum experienced a long-awaited rebound, rising nearly 8% in a single day and currently trading at $2,260.49. Behind this strong rally are multiple overseas whales simultaneously increasing their spot holdings. Among them, Erik Voorhees, founder of ShapeShift and an early Bitcoin supporter, has bought 21,293 ETH at an average price of $2,091 over the past six days, worth approximately $44.52 million. Additionally, early Ethereum builder, crypto whale billΞ.eth, has increased his holdings by 7,769 ETH in the past three hours. Besides well-known whales, there are also anonymous new addresses quietly accumulating. For example, a newly created address today transferred 20,000 ETH from Coinbase, worth about $44.83 million. Another whale, 0x743d, spent 3.79 million USDT on the 14th to buy an additional 1,827 ETH. Over the past six days, this whale has spent $24.79 million to acquire 11,985 ETH, at an average price of $2,068. The whale address “0x083” sold 50 BTC (worth $3.52 million) on the 15th and bought 1,693 ETH, now holding 5,698 ETH worth approximately $11.92 million.

ETH6,39%

BTC2,33%

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