BlockBeats reported on June 19 that on-chain analyst Ai Yi (@ai_9684xtpa) monitored a large asset movement involving an address associated with Wang Chun, co-founder of F2Pool. The address, identified as 0xF42…f2b51, withdrew 7,650 ETH and 124.18 WBTC from Binance over the past four hours. The two assets were valued at approximately $20.666 million in total.
ETH and WBTC moved from Binance to Spark
According to the monitoring information, the address appears to be building positions in ETH and WBTC. After the withdrawal from Binance, the assets have been deposited into Spark. The disclosed details include the asset amounts, the exchange used for the withdrawal, the associated address and the current destination of the funds.
Wang Chun is the co-founder of F2Pool, a crypto mining pool-related entity. This on-chain activity involves ETH, WBTC and Spark, and BlockBeats categorized the item under whale movement. The original report did not provide further details on any subsequent transactions or additional plans for the address.