F2Pool Co-Founder Chun Wang Moves $30M in ETH and WBTC to Binance Over 2 Days

F2Pool co-founder Chun Wang has moved approximately $30.5 million in crypto assets to Binance over the past two days, according to on-chain transaction data.

The transfers include 16,842 Ethereum, worth about $26.9 million, and 60 Wrapped Bitcoin, worth about $3.6 million. Such deposits to exchanges are often closely watched by traders, as they can precede potential selling activity or portfolio adjustments.

The latest movements come shortly after a large accumulation last month, when Wang purchased 86,998 ETH for approximately $152 million at $1,749 per token, alongside 973 WBTC worth about $60.7 million at $62,418 each.

Meanwhile, broader market conditions remain under pressure, with Bitcoin trading around $61,434, down roughly 10% over the past 30 days.

Source: Lookonchain