Been watching some interesting on-chain moves lately. Ethereum co-founder Joseph Lubin has a wallet that's been sitting quiet for over three years, holding around 243,300 $ETH worth roughly $370 million.
Now it's suddenly active, transferring out 80,001 $ETH, or about $121.6 million. After all that dormancy, this kind of large outflow raises questions about what might be coming next for $ETH.
These insider wallets often signal bigger shifts in the market. Worth keeping an eye on how this plays out alongside $BTC and $SOL flows too.