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F2Pool co-founder Chun Wang sends $17 million in ETH to Binance as exchange inflows rise
Jul 4, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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Chun Wang, a co‑founder of Bitcoin mining pool F2Pool, moved 9,876 ETH (about $17.02 million) into Binance on July 3, 2026 as observed on‑chain. The large CEX inflow heightens potential sell‑pressure and custodial concentration risks for Ethereum markets and could influence token performance, DeFi liquidity and broader crypto market sentiment depending on whether the funds are liquidated.
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Chun Wang, who is among those who helped create F2Pool, one of the biggest Bitcoin mining pools, deposited 9,876 Ether (ETH), which is currently worth around $17 million USD, into Binance on July 3. Chun Wang (@satofishi) further deposited 9876 $ETH ($17.02M) into #Binance.https://t.co/tlqgpqwLLL https://t.co/XAhmbXD0i9 pic.twitter.com/eOXMRaPSZr — Onchain Lens (@OnchainLens) July 3, 2026 This is...
