F2Pool co-founder-linked address deposits $6.7M in ETH and BTC to Binance

An address believed to be linked to Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 3,440 ETH worth $6.7 million and 3.51 WBTC worth $228,000 to Binance, according to Onchain Lens. The address had been buying BTC and ETH since late May. Exchange deposits are typically interpreted as a sign of selling intent. The same address also deposited $11.56 million worth of ETH to an exchange on July 23.