An entity is suspected of spending a total of $187 million to purchase ETH through four wallets since March 10.

CoinFeed reported on March 19th that, according to Onchain Lens monitoring, since March 10th, four wallets, possibly belonging to the same entity, have spent 187.31 million USDT to buy 86,268 ETH at a price of $2,171. Over a year ago, these wallets (in aggregate) sold 53,799 ETH for 192.47 million USDT at a price of $3,578. Previously, while tracking them, the analyst discovered that these wallets received ETH from ShapeShift 10 years ago, and Arkham AI identified them as "Erik." It is believed that these four wallets belonging to the same entity may also control other wallets.