On-chain lens reported that an address presumed to belong to Wang Chun, co-founder of F2Pool, the world's 4th largest Bitcoin mining pool, who had been buying BTC and ETH since late May, deposited 9876 ETH ($17.02 million) to Binance. Deposits to exchanges are typically interpreted as for the purpose of selling. Wang Chun had previously withdrawn a total of 91,945 ETH ($159.9 million) and 973 WBTC ($60.72 million) from exchanges between May 26 and early this month.
