Data: Ethereum co-founder Joseph Lubin's associated address has staked over 410,000 ETH, and the health has risen to above 1.48

According to on-chain analyst @ai_9684xtpa, three addresses likely belonging to Ethereum co-founder Joseph Lubin have currently pledged 412,430 ETH, worth approximately $653 million, and borrowed 259 million DAI.

Data shows that the health of the aforementioned positions briefly fell below 1.2 during yesterday's ETH decline. However, the addresses associated with Joseph Lubin subsequently added approximately 110,000 ETH as collateral, bringing the health of the positions back above 1.48.

Analysts indicate that Joseph Lubin acquired 540,000 ETH through the Ethereum ICO in 2015 at a cost of about $0.31. Based on the current position situation, the likelihood of his lending position being liquidated has significantly decreased.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.