$ETH crisis: Joseph Lubin Rushes to Save His Loans.
Ethereum co-founder Joseph Lubin was forced to act quickly as ETH prices fell below $1,600**. Three wallets believed to be linked to Lubin deposited a combined **412,430 ETH (worth about $653 million) into Maker, borrowing roughly 259 million DAI. When the health factor of the positions briefly slipped below 1.2, Lubin added another 110,000 ETH as collateral to secure the loans. Ethereum has roughly 189.49 million holders — over three times the number of $BTC holders — yet the price has fallen about 22% over the past week, hitting a 12-month low below $1,550 before stabilizing.


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