F2Pool co-founder Chun Wang reportedly made another large transfer to Binance following his dip purchases in June. According to on-chain data, Wang transferred ETH and WBTC assets worth approximately $15.6 million to Binance today.
According to the shared data, the assets Wang sent to Binance included 6,009 ETH and 62.31 WBTC. The ETH transfer was reportedly worth approximately $11.56 million, while the WBTC transfer was worth approximately $4.09 million.
The transactions were identified as originating from WBTC withdrawals via Spark Fi, Lido Finance unstaking, and a WETH-WBTC swap via CoWSwap. The on-chain flows shown in the image indicate that 50 WBTC, 12,312 WBTC, and 6,009 ETH were transferred from addresses associated with Chun Wang to the Binance hot wallet.
This latest move follows Wang’s large-scale purchases in June. In June, Wang bought approximately 70,600 ETH and 966 WBTC. The ETH portion of these purchases amounted to approximately $117 million, while the WBTC portion was worth approximately $60.29 million.
With the recovery in the cryptocurrency market in July, Wang was seen transferring some of his assets to Binance. According to previous data, Wang recently transferred 36,600 ETH and 160 WBTC to Binance, and it was estimated that he realized approximately $3.4 million in profits from these transactions.
*This is not investment advice.
