Joseph Lubin’s $122 Million Move Sparks Sell-Off Fears for Ethereum

Jun 6, 2026 - 12:30
Joseph Lubin’s $122 Million Move Sparks Sell-Off Fears for Ethereum
Ethereum co-founder Joseph Lubin moved 80,001 ETH worth roughly $122 million from a wallet that sat untouched for more than three years, reviving fears of founder selling as the token slid toward $1,500. The transfer drew attention because dormant founder wallets rarely move during market stress. On-chain trackers later showed the ether never reached an...

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