Wallet linked to Wang Chun moves 29,000 ETH to FalconX after June accumulation

A wallet linked by earlier reports to F2Pool co-founder Wang Chun accumulated 43,019 ETH on June 5, June 6 and June 12, buying 9,719 ETH, 17,560 ETH and 15,740 ETH respectively. BlockBeats said on June 15 that, based on average purchase prices on those dates, the position was showing about $8.64 million in unrealized profit as ETH rebounded to $1,810. In a later update, on-chain monitors said 29,000 ETH bought on June 6 at about $1,609 for $46.67 million was transferred to FalconX, a crypto prime brokerage and trading platform, in a move they said realized roughly $6.41 million to $6.43 million in profit. The wallet was also reported to still hold 128,000 wsETH, equivalent to 158,248 ETH worth about $283.42 million.