🚨 BREAKING: Ethereum co-founder Joseph Lubin's dormant wallet moved $121.6M in ETH after more than three years of inactivity. 80,001 ETH transferred out of a wallet still holding ~243,300 ETH (~$370M total). The tokens have not yet hit an exchange, but movement from a co-founder's address after years of silence is a structural supply overhang signal — it could precede OTC distribution, exchange deposits, or DeFi collateralization. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: If any portion of this reaches spot order books during an already-stressed ETH market, it adds meaningful sell pressure. ETH is already flushing through liquidation cascades — a co-founder-sized distribution would compound the downside. Watch for follow-on exchange deposits as the next confirmation. --source: https://x.com/lookonchain/status/2058123456789 Explorer: https://arkm.com/explorer/address/0x1b3cB81E51011b549d78bf720b0d924ac763A7C2 Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))