🚨 F2Pool co-founder Wang Chun has withdrawn $50.71 million from Binance in a week.
Ai Aunt's on-chain monitoring shows that Wang Chun (@satofishi), the co-founder of F2Pool, has been making significant withdrawals over the past 7 days:
📊 Withdrawal details:
• 12,200 ETH → Average price $1,696 (about $20.69 million)
• 475.87 WBTC → Average price $62,788 (about $29.88 million)
• Totaling approximately $50.71 million
Just an hour ago, another withdrawal of 50.5 WBTC ($3.17 million) was made from Binance.
🧠 What does this signal?
① Is a mining mogul running away? Wang Chun is a key figure in F2Pool, which is a top mining pool for both BTC and ETH. Withdrawals of this magnitude are not retail behavior. If he is panic-selling, it indicates a lack of optimism about the short-term BTC/ETH trend.
② Or is it a self-custody trend? "Not your keys, not your coins" is becoming a consensus in the industry. As the founder of a mining pool, he naturally believes in self-custody, and pulling assets from exchanges to cold wallets is a sign of long-term maturity.
③ ETH/WBTC is bleeding out. The withdrawal time frame spans from June 18 to now, exactly corresponding to BTC's drop from $66K to $62K, making this timing significant.
If mining pool founders are pulling coins to hedge, are your assets still on the exchange?
Ai Aunt's on-chain monitoring shows that Wang Chun (@satofishi), the co-founder of F2Pool, has been making significant withdrawals over the past 7 days:
📊 Withdrawal details:
• 12,200 ETH → Average price $1,696 (about $20.69 million)
• 475.87 WBTC → Average price $62,788 (about $29.88 million)
• Totaling approximately $50.71 million
Just an hour ago, another withdrawal of 50.5 WBTC ($3.17 million) was made from Binance.
🧠 What does this signal?
① Is a mining mogul running away? Wang Chun is a key figure in F2Pool, which is a top mining pool for both BTC and ETH. Withdrawals of this magnitude are not retail behavior. If he is panic-selling, it indicates a lack of optimism about the short-term BTC/ETH trend.
② Or is it a self-custody trend? "Not your keys, not your coins" is becoming a consensus in the industry. As the founder of a mining pool, he naturally believes in self-custody, and pulling assets from exchanges to cold wallets is a sign of long-term maturity.
③ ETH/WBTC is bleeding out. The withdrawal time frame spans from June 18 to now, exactly corresponding to BTC's drop from $66K to $62K, making this timing significant.
If mining pool founders are pulling coins to hedge, are your assets still on the exchange?