F2Pool co-founder deposits $5.5M in ETH to Binance

Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 2,160 ETH worth $5.52 million into Binance, Onchain Lens reported. Wang had been buying BTC and ETH since late May. The tokens were transferred in two transactions from an F2Pool Gnosis Safe wallet: 1,150 ETH worth $2.94 million and 1,010 ETH worth $2.58 million. Exchange deposits are typically interpreted as a sign of potential selling.