F2Pool co-founder Wang Chun-linked address withdraws 7,650 ETH, analyst says

Onchain analyst @ai_9684xtpa said addresses tied to one of China’s biggest Bitcoin-holding miners appear to be accumulating ETH and WBTC over the past four hours.

Summary

Addresses linked to F2Pool co-founder Wang Chun appear to be building positions in ETH and WBTC, based on onchain activity flagged by analyst @ai_9684xtpa. The analyst said the address 0xF42…f2b51 withdrew 7,650 ETH over the past four hours, a move that can indicate accumulation when assets are moved into self-custody rather than left on a trading venue. The activity points to fresh buying interest from wallets tied to one of China’s biggest Bitcoin-holding miners, though the source cites only apparent wallet links rather than an official statement.

Terms & Concepts
  • WBTC: Wrapped Bitcoin token on Ethereum
  • onchain: Recorded publicly on blockchain data
  • self-custody: Holding crypto in a private wallet