ChainCatcher report: According to on-chain analyst @ai_9684xtpa, three addresses likely belonging to Ethereum co-founder Joseph Lubin are currently staking 412,430 ETH, valued at approximately $653 million, and have borrowed 259 million DAI. Data shows that during yesterday’s ETH price decline, the health ratio of this position briefly fell below 1.2. However, Joseph Lubin’s associated addresses subsequently added approximately 110,000 ETH as collateral, raising the health ratio back above 1.48. The analyst noted that Joseph Lubin originally acquired 540,000 ETH in 2015 through the Ethereum ICO at a cost of approximately $0.31 per ETH. Based on the current position, the likelihood of liquidation has significantly decreased.
Ethereum co-founder Joseph Lubin deposits over 412,430 ETH, health ratio rises to 1.48
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Summary
Three addresses owned by Ethereum co-founder Joseph Lubin deposited 412,430 ETH (worth ~$653 million) and borrowed 259 million DAI. The position’s health ratio fell below 1.2 during a recent ETH price decline but has since increased to 1.48 after adding 110,000 ETH as collateral. Lubin acquired 540,000 ETH in 2015 at $0.31 each, reducing liquidation risk. ETH analysis indicates this move reflects long-term confidence in the asset’s value.
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