On-chain analyst OnchainLens reported that F2Pool co-founder Chun Wang (@satofishi) deposited 16,842 ETH (~$26.87M) and 60 WBTC (~$3.61M) to Binance on July 2, 2026, totaling approximately $30.48 million. This whale movement, flagged by monitoring service OnchainLens, is one of the largest single deposits observed recently and may signal potential selling pressure.
Deposit Details
On-chain analyst OnchainLens reported that F2Pool co-founder Chun Wang (X: @satofishi) deposited 16,842 ETH (worth approximately $26.87 million) and 60 WBTC (worth approximately $3.61 million) to Binance on July 2, 2026. The total value of the deposit is about $30.48 million.
The deposit was flagged by on-chain monitoring service OnchainLens, which tracks large transactions on the Ethereum and Bitcoin networks. F2Pool is one of the leading mining pools globally, and its co-founder's large-scale transfer to a centralized exchange has historically been watched by traders as a potential precursor to selling. The exact purpose of the deposit remains unclear, but it adds to the growing trend of large holders moving assets to exchanges amid market uncertainty.
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