Wang Chun-linked address adds $4.57 million in BTC and ETH in 24 hours

A further 50.5 WBTC withdrawal lifted cumulative exchange outflows since June 18 to 12,282.9 ETH and 475.87 WBTC, valued at about $50.715 million.

BTC

ETH

WBTC

35d ago

Fact Check

The original on-chain analyst posts from @ai_9684xtpa (status 2069364567302627465 and 2069616923382562857) provide the exact figures in the claim: a ~$4.57M 24-hour accumulation (50 WBTC + 822.51 ETH) and a later 50.5 WBTC withdrawal lifting cumulative since-June-18 outflows to 12,282.9 ETH and 475.87 WBTC valued at ~$50.715M. Two PANews flashes and a BlockBeats flash independently reproduce these numbers with consistent attribution to Wang Chun (王纯, @satofishi), F2Pool co-founder, tracked via an Arkham-labeled wallet. The figures are internally consistent across all sources. The only caveat is that this is wallet attribution based on a single analyst's on-chain labeling rather than a self-confirmation by Wang Chun, which slightly limits certainty.

Summary

A wallet linked to Wang Chun continued pulling crypto from Binance, with on-chain analyst ai_9684xtpa saying the address withdrew another 50.5 WBTC worth about $3.17 million on June 24. The latest move follows earlier withdrawals of 50 WBTC and 822.51 ETH reported over the prior 24 hours. Since June 18, the address has cumulatively withdrawn 12,282.9 ETH and 475.87 WBTC, with a combined value of about $50.715 million and average purchase prices of $1,696.41 for ETH and $62,788 for WBTC. Traders often watch exchange outflows as a potential sign of accumulation because assets moved off trading venues can indicate an intent to hold rather than sell.

Terms & Concepts

WBTC: A tokenized version of Bitcoin that circulates on the Ethereum network.
on-chain analyst: A researcher who studies public blockchain transaction data to track wallet activity and market behavior.
accumulation: A buying pattern in which an investor gradually increases holdings over time.