Joseph Lubin-Linked Wallet Transfers 110,000 ETH Into Sky Vaults as ETH Trades at $1,689.83

As of June 8, 2026, ETH was trading near $1,689.83, down about 15% over the prior week. A wallet linked to Ethereum co-founder Joseph Lubin transferred 110,000 ETH into Sky (formerly MakerDAO) vaults, adding collateral behind an existing $259 million DAI debt position rather than sending funds to exchanges.