Open account

Wallet Linked to Joseph Lubin Moves 133,298 ETH Valued at $356 Million

An early Ethereum whale address linked to Consensys co-founder Joseph Lubin has transferred 133,298 ETH, worth approximately $356 million, to a new wallet address. The transaction represents the dormant holder's first single transfer exceeding $100 million in over four years, sparking scrutiny among traders and analysts over potential sell-side liquidity. The entity originally acquired 560,000 ETH during the 2015 initial coin offering at roughly $0.31 per token. The transfer currently reflects an internal reorganization of large-scale holdings, with no immediate confirmed exchange inflows reported.

Category

Ethereum

Sentiment

Neutral

Event

Analyst flows

Reading time

1 min