PANews, June 7: According to on-chain analyst Ai Yi, three addresses suspected to belong to Ethereum co-founder Joseph Lubin have collectively deposited approximately 412,430 ETH on Maker, valued at around $653 million, and borrowed approximately 259 million DAI. The health factor of these addresses dropped below 1.2 yesterday but has since recovered to above 1.48 after an additional 110,000 ETH were deposited as collateral during the ETH price decline.
Joseph Lubin deposits 412,430 ETH into Maker to borrow 25.9 million DAI.
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Summary
Joseph Lubin’s suspected addresses deposited 412,430 ETH into Maker to borrow 25.9 million DAI, valued at $653 million. On-chain analyst Ai Y姨 noted that the health factor dropped below 1.2 during ETH price declines but rose above 1.48 after adding 110,000 ETH. Traders are monitoring altcoins in response to ETH price movements.
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