According to on-chain analyst Ai Yi (@ai_9684xtpa), an address associated with F2Pool co-founder Wang Chun has increased its crypto holdings by approximately $4.57 million over the past 24 hours, primarily in Bitcoin and Ethereum.
On the Bitcoin side, the address withdrew 50 WBTC (Wrapped Bitcoin) from an exchange at an average price of $62,260. WBTC is a tokenized version of Bitcoin on the Ethereum network, pegged 1:1 to BTC. The 50 WBTC are valued at roughly $3.113 million at that price.
On the Ethereum side, the address withdrew 822.51 ETH at an average price of $1,771.89, worth about $1.457 million. The total value of the two withdrawals amounts to exactly $4.57 million.
As the co-founder of the well-known mining pool F2Pool, Wang Chun's wallet activity has been closely tracked by on-chain data watchers. This accumulation represents a typical whale move, though the specific motivation remains unclear.