A Joseph Lubin-linked wallet moved 80,001 ETH worth $121.6M after three years dormant, stirring sentiment during Ethereum's 2026 slump.

Onchain analysts described the move as defensive collateral management to reduce liquidation risk, not likely a sale.

Onchain analysts described the move as defensive collateral management to reduce liquidation risk, not likely a sale.

A Joseph Lubin-linked wallet moved 80,001 ETH worth $121.6M after three years dormant, stirring sentiment during Ethereum's 2026 slump.

Ethereum co-founder Joseph Lubin deposited 110,000 ETH into Sky vaults to reinforce collateral backing $259M in DAI debt as ETH prices slide nearly 46% YTD.