Joseph Lubin-Linked Wallet Moves 80,001 ETH Worth $121.6M After 3 Years of Inactivity
1mo ago· 1 min readenNews
Summary
A wallet linked to Ethereum co-founder Joseph Lubin transferred 80,001 ETH (worth $121.6M) after 3 years of inactivity. The transfer occurred while Ethereum was down ~47% through 2026, with thin liquidity and repeated tests of lower support levels. The wallet still holds 243,300 ETH (~$370M), and markets are watching for potential further movements that could intensify selloff fears.
Source
bskyJoseph Lubin-Linked Wallet Moves 80,001 ETH Worth $121.6M After 3 Years of Inactivitybriefly.coKey quotes
· 4 pulledOn June 6, a Joseph Lubin-linked wallet transferred 80,001 ETH valued at $121.6 million after nearly 36 months of inactivity.
The wallet still holds 243,300 ETH worth roughly $370 million, with the transferred amount representing about one-third of that balance.
Markets are monitoring whether additional portions of the 243,300 ETH stake will follow on-chain.
The timing coincided with thin liquidity and repeated tests of lower ETH support levels, intensifying selloff fears across digital assets.
On June 6, a Joseph Lubin-linked wallet transferred 80,001 ETH valued at $121.6 million after nearly 36 months of inactivity. The received ether was near $1,520, and the move occurred while Ethereum was down about 47% through 2026, including a 32% drop th
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