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Ether Founder-linked wallet wakes up, moves $121M in ETH
Jun 6, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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Ethereum co-founder Joseph Lubin disposed of a long-dormant wallet after more than three years, transferring 80,001 ETH (about $121.6 million) from address 0x1b3Cb81E51011b549d78bf720b0d924Ac763A7C2, which Lookonchain says once held 243,300 ETH. The move raises potential selling pressure and questions about founder token flows, custody and market impact for ETH liquidity across DeFi and CEX venues.
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Joseph Lubin, one of the co-founders of Ethereum, disposed of an Ethereum wallet holding 80,001 ETH valued at around $121.6 million in value. The move was made after more than three years of no activity on the wallet. Lookonchain data revealed that the wallet with address 0x1b3Cb81E51011b549d78bf720b0d924Ac763A7C2 held a total balance of 243,300 ETH valued...
