ChainCatcher reported, citing monitoring by on-chain analyst Ai Yi, that an address associated with F2Pool co-founder Wang Chun appears to be building positions in ETH and WBTC. Over the past four hours, the address 0xF42…f2b51 withdrew 7,650 ETH and 124.18 WBTC from Binance.
Based on the monitoring data, the combined value of the two assets was $20.666 million. The on-chain movement shows Binance as the withdrawal source, and the assets have now been deposited into Spark.
The reported activity falls under large on-chain fund movements and involves the address linked to Wang Chun, ETH, WBTC, Binance and Spark. The disclosed information is limited to the monitored withdrawal and deposit activity, with no additional details provided about any subsequent plans or transactions by the address.