BlockBeats News, May 18th, according to Onchain Lens monitoring, during the rapid market downturn, a ShapeShift whale entered the market, investing $5.88 million to buy the dip of 2656 ETH.

The whale now holds 129,667 ETH, worth $274.78 million.

It is worth noting that this whale was previously believed to be associated with ShapeShift founder Erik Voorhees, but the latter has since come forward to deny this.