A massive cryptocurrency whale linked to F2Pool co-founder Chun Wang has executed a strategic $17.86 million withdrawal from Binance, moving 9,000 ETH directly into the decentralized lending protocol Aave..
A massive cryptocurrency whale linked to F2Pool co-founder Chun Wang has executed a strategic $17.86 million withdrawal from Binance, moving 9,000 ETH directly into the decentralized lending protocol Aave.
.According to blockchain analytics platform Lookonchain, a wallet linked to Chun Wang, the co-founder of the major Bitcoin mining pool F2Pool, recently withdrew 9,000 ETH from Binance. The transfer, which was valued at approximately $17.86 million, caught the attention of on-chain researchers due to the sheer size. $50.4 Million XRP Transferred to Coinbase Ahead of Ripple Escrow Unlocking, Painful 96.8% Bitcoin Metric Highlighted by CryptoQuant, Is Saylor's BTC Buying Streak Finally Over?: Morning Crypto ReportThe whale is putting the capital to work to earn a passive yield instead of letting the asset sit idle. On-chain data reveals that several major whales are currently accumulating and moving substantial amounts of Ethereum off centralized exchanges. Recently, another accumulation event involving an unidentified whale was identified by on-chain sleuths. Over a tight two-hour window, this entity withdrew 9,976 ETH from Binance. The massive transaction was split across three separate wallets to obscure the footprint. Meanwhile, institutional heavyweight BlackRock recently deposited 68,568 ETH and 612 BTC to Coinbase Prime. Simultaneously, early adopters are seemingly jumping ship. An original Ethereum initial coin offering participant recently capitalized on the current price range, selling off 11,552 ETH for $23.42 million. This early investor famously bought 38,800 ETH at just $0.31 during the ICO, turning a meager $12,000 investment into a nearly $80 million fortune today. Finnovex North Africa 2026: Catalyzing Egypt’s Fintech Revolution Through Smart Finance and Regulatory Transformation
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