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via BeInCrypto · By BeInCrypto Editorial

Joseph Lubin’s $122 Million Move Sparks Sell-Off Fears for Ethereum

ETH

ETH/USDT

$2,458.23

+0.50%

$2,458.23

+0.50%

(24s)

24h Volume

$4,161,940,217.61

24h H/L

$2,464.49 / $2,443.04

Change: $21.45 (0.88%)

Long/Short

60.3%

Long: 60.3%Short: 39.7%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,457.99

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,593.80

Resistance 1$2,516.30

Price$2,457.99

Support 1$2,448.56

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):62.8

BeInCrypto Editorial

(10:49 AM UTC)

1 min read

Reviewed byEmily Watson

0 comments

Ethereum co-founder Joseph Lubin moved 80,001 ETH worth roughly $122 million from a wallet that sat untouched for more than three years, reviving fears of founder selling as the token slid toward $1,500.

The transfer drew attention because dormant founder wallets rarely move during market stress. On-chain trackers later showed the ether never reached an exchange, complicating the sell pressure…

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BeInCrypto Editorial · BeInCrypto

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