F2Pool co-founder Wang Chun to Sell 12,765 ETH to Reduce Leverage

BlockBeats News, August 23rd, according to on-chain analyst Wu Jintao's monitoring, F2Pool co-founder Wang Chun's address has reduced some ETH holdings in the past 3 days during the uptrend to deleverage.

The address first transferred 12,765 ETH (approximately $28.73 million) to Binance, then withdrew 87.68 million USDC to repay its loan on Spark.

Currently, the address still holds about 65,000 ETH (approximately $159 million) and 1,000 WBTC (approximately $77.18 million) on-chain.