Wang Chun-linked address moves $20.666 million in ETH and WBTC from Binance to Spark

On-chain reports on June 19 said a wallet identified by analysts as linked to F2Pool co-founder Wang Chun withdrew 7,650 ETH and 124.18 WBTC, valued at about $20.666 million, from Binance and deposited the assets into Spark, a lending protocol. Separate reporting from BlockBeats, citing analyst Ai Yi (@ai_9684xtpa), said the same linked address had accumulated 11,448.4 ETH worth about $19.35 million and 224.66 WBTC worth about $14.05 million over the prior 15 hours, for a reported total of about $33.411 million, while Lookonchain also reported a separate 10,000 ETH Binance withdrawal by K3 Capital. A later report from PANews, citing on-chain analyst EmberCN, said that after ETH fell below $1,700 at the start of the month, an address linked to Wang Chun withdrew 54,500 ETH worth $93.25 million from Binance over about half a month and then deposited 37,400 ETH worth $63.88 million into Ethereum staking. The activity points to continued movement of assets from exchange custody into on-chain lending and staking venues, though wallet attribution and trading intent were not officially confirmed.