Onchain data shows addresses tied to Wang Chun withdrew 7,650 ETH and 124.18 WBTC from Binance in four hours.
Addresses linked to F2Pool co-founder Wang Chun have accumulated 7,650 ETH and 124.18 WBTC, valued at $20.67 million, over the past four hours. The assets were withdrawn from Binance and deposited into Spark, according to onchain analysis.
F2Pool is one of China’s largest Bitcoin-mining operations, though its activities have shifted offshore following regulatory crackdowns. The move marks a rare public accumulation by a major mining figure amid recent market volatility.
No immediate market reaction was observed following the transactions.