A whale address that has been inactive for nine years and starts with 0x03b5 recently exchanged its Ethereum holdings for Bitcoin Cash (BCH).
Bitcoin and altcoins faced successive declines in the last quarter of 2025, contrary to expectations of a rise.
At this point, many altcoin investors are suffering significant losses while simultaneously trying to balance their portfolios.
According to Lookonchain, a cryptocurrency analysis platform, a whale address that has been inactive for 9 years and starts with 0x03b5 recently exchanged its Ethereum holdings for Bitcoin Cash (BCH).
This whale address is believed to be linked to Erik Voorhees, one of Bitcoin’s early advocates and the founder of ShapeShift.
According to the data, this address exchanged 4,619 ETH, worth $13.42 million, for 24,950 BCH in the past two weeks.
Ethereum is currently trading near the $3,000 mark, while BCH continues to trade at $567.
