According to Lookonchain monitoring, F2Pool co-founder Wang Chun has withdrawn another 4,950 ETH (worth approximately $7.74 million) from Binance. Since May 26, his address has accumulated withdrawals of 91,945 ETH (approximately $159.9 million) and 973 WBTC (approximately $60.72 million) from Binance, continuing a trend of large-scale outflows that has drawn market attention.
Large-Scale Withdrawals Continue: Wang Chun Pulls Another 4,950 ETH from Binance
On-chain monitoring platform Lookonchain reports that F2Pool co-founder Wang Chun has once again withdrawn 4,950 ETH (worth about $7.74 million) from Binance. This continues a pattern of frequent large withdrawals that began on May 26.
Since May 26, Wang Chun's address has accumulated 91,945 ETH withdrawn from Binance, valued at approximately $159.9 million at current prices. Additionally, he has withdrawn 973 WBTC, worth about $60.72 million. The total value of these two assets exceeds $220 million.
Such large-scale, high-frequency exchange outflows are typically interpreted by the market as a preference for self-custody or preparation for on-chain activities such as staking or DeFi participation. Neither Wang Chun nor related parties have publicly commented on the reasons for the withdrawals.
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