F2Pool founder Chun Wang makes additional ETH, WBTC deposits to Binance

After withdrawing 91,945 ETH and 973 WBTC from Binance since May 26, Chun Wang sent 16,842 ETH and 60 WBTC on July 2 and later deposited another 9,876 ETH, according to PANews and Onchain Lens.

ETH

WBTC

24d ago

Fact Check

Every specific figure in the claim is corroborated. The Onchain Lens July 2 post confirms the 16,842 ETH and 60 WBTC deposit plus the cumulative 91,945 ETH and 973 WBTC withdrawals since May 26. The Onchain Lens July 3 post and Odaily confirm the additional 9,876 ETH deposit. PANews and BlockBeats independently repeat the same figures. All numbers and dates align exactly with the claim.

Summary

F2Pool founder Chun Wang deposited 16,842 ETH worth $26.87 million and 60 WBTC worth $3.61 million to Binance on July 2, PANews reported, citing Onchain Lens. In a later transaction, Wang sent another 9,876 ETH worth $17.02 million to Binance, according to Onchain Lens. The deposits follow cumulative withdrawals from Binance since May 26 totaling 91,945 ETH worth $159.9 million and 973 WBTC worth $60.72 million. Large transfers to a centralized exchange are often monitored by traders because they can indicate assets being positioned for trading or sale, though the transfers alone do not confirm intent.

Terms & Concepts

WBTC: Wrapped Bitcoin, a token pegged to Bitcoin
on-chain: Recorded publicly on a blockchain ledger
exchange outflows: Crypto withdrawals moving assets off trading platforms