BlockBeats reported on June 19 that, according to monitoring by lookonchain, large ETH holders have continued to accumulate ETH through withdrawals from Binance. K3 Capital withdrew 10,000 ETH from Binance about two hours earlier, with the transfer valued at approximately $16.92 million based on the figures included in the monitoring report.
Two Binance withdrawals involved 17,650 ETH
The same monitoring data also showed that a wallet associated with F2Pool co-founder Wang Chun withdrew 7,650 ETH from Binance during the past two hours. That transaction was valued at about $12.93 million. Together, the two Binance withdrawals involved 17,650 ETH, with a combined stated value of approximately $29.85 million.
The information was sourced from lookonchain’s on-chain monitoring and reported by BlockBeats. The report focused on the ETH withdrawals by K3 Capital and by the wallet associated with Wang Chun, and did not include further details on subsequent transfers, trading plans, or other wallet activity after the withdrawals.