F2Pool co-founder deposits $17M in ETH to Binance

An address presumed to belong to Wang Chun, co-founder of the world's fourth-largest Bitcoin mining pool F2Pool, has deposited 9,876 ETH ($17.02 million) to Binance, Onchain Lens reported. Deposits to exchanges are typically interpreted as an intention to sell. The move follows a period of accumulation that began in late May. Between May 26 and early this month, Wang Chun had withdrawn a total of 91,945 ETH ($159.9 million) and 973 WBTC ($60.72 million) from exchanges.