Lubin-Linked Wallet Moves 110k ETH as ETH Trades at $1,574

On June 6, wallets linked to Ethereum co-founder Joseph Lubin transferred a total of 110,001 ETH after three years of inactivity, while an early investor separately cashed out $136 million in ETH and wstETH. The moves come amid roughly $1 billion in spot Ethereum ETF outflows and follow Bankless co-founder David Hoffman’s full ETH exit on May 21 and rotation into VVV, NEAR, ZEC, HYPE and LIT. ETH is now trading near $1,574, about 70% below its 2025 peak near $5,000, as additional analysts including m0xt have also exited positions.