F2Pool founder nets $8.6M in unrealized profit from June ETH buys

A wallet believed to belong to Chun Wang, founder of the major Chinese-rooted crypto mining pool F2Pool, has increased its Ethereum holdings on three separate occasions this month, Odaily reported. The address purchased 9,719 ETH on June 5, 17,560 ETH on June 6, and another 15,740 ETH on June 12. Based on the average purchase prices, these trades have generated an estimated unrealized profit of around $8.64 million.