Ethereum co-founder transfers 80,001 ETH from wallet dormant for over 3 years

Ethereum (ETH) co-founder Joseph Lubin transferred 80,001 ETH, worth approximately $121.6 million, to an external wallet about an hour ago, following more than three years of inactivity from the address. The sending address now holds a total of 163,299 ETH, valued at around $248 million. Onchain Lens noted that while the on-chain transfer has been confirmed, it remains unverified whether the funds were sent to an exchange or if the move will result in a sale.